Crypto Market Dips as Iran-US Tensions Rise: Bitcoin Falls Below $100K
The reports from prominent X handles, indicating an attack on U.S. military bases in Qatar by Iran, sent shockwaves through global financial markets, with Bitcoin plummeting below the $100,000 mark in reaction.
Currently trading near $102,400, Bitcoin dipped to $99,500 on leading crypto exchanges, while quickly surging back to daily highs, hardly after minutes of reports. Following Bitcoin, various altcoins—including Ethereum (EHT), XRP, and Solana (SOL)—also took a sharp dip before recovering the hourly candles.
While the news alone has shaken markets, an official announcement or a potential reaction from the United States, such as launching retaliatory airstrikes on additional Iranian military targets, could…
