Bitcoin and the rest of the encryption market fell on Friday morning after Israel launched a series of Air strikes Against Iran, on the occasion of a specialty escalation In the ongoing struggle in the Middle East.
Bitcoin has decreased 2 % in the past 24 hours, according to L. BinanceHe decreased from 107,000 dollars to the lowest level in $ 103,000 before a little recovery. The total market value of the encryption market decreased by 3 %, with ETHEREUM and Solana decreased by 7 % and Dokwin 6 % decrease.
The threat of the war between Israel and Iran has sparked investors to flee the cryptocurrencies because they are volatile and are considered risky assets at times of uncertainty. The conflict between the two countries also raised fears that Iran may decrease through closing Hermoz StraitWhich connects the Persian Gulf to the Arabian Sea and facilitates shipping 20 % of global oil shipments, According to To the US Energy Information Management.
If this happens, the price of oil will rise and expand investors of risky assets, such as Crypto, to protect the value of their assets. “The oil will witness a huge rise, and the origins of the risk will fall from the cliff,” he says.
It targeted Israel’s strike against Iran Nuclear sitesMissile facilities, air defenses, killing senior Iranian officials and nuclear scientists. Israeli Prime Minister Benjamin Netanyahu said that the strikes are an attempt to eliminate Iran’s nuclear capabilities, and what he called an existential threat to Israel in a video clip statement Friday.
“This process will continue for several days what it takes to remove this threat,” he said.
Israel’s strikes came after the International Atomic Energy Agency, an organization within the United Nations, which focuses on nuclear technology, on Thursday that Iran does not comply with New York Times.
President Donald Trump went out to support the strikes on Friday, saying in A. mail On the social fact, the attacks will become “more brutal” if Iran does not agree to an agreement regarding the nuclear weapons program. “Iran must make a deal, before there is nothing,” the president wrote.
The Iranian Supreme Leader, Ayatollah Ali Khawni, promised revenge on Israel, and he writes in a mail on x The nation “must expect a harsh punishment.”
This story was originally shown on Fortune.com
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