Bitcoin Plummets on Israel-Iran Conflict, Bitcoin Liquidations Surge to $1.16 Billion, and More — Week in Review 📉
Bitcoin's price took a significant hit as tensions between Israel and Iran escalated. The cryptocurrency fell below $104,000, leading to liquidations that amounted to $1.16 billion. Such geopolitical events have shown their potential to affect the volatility of major cryptocurrencies, reflecting broader market sensitivities.
Financial experts, including economist Peter Schiff, have commented on these developments, emphasizing the fragility of Bitcoin amid global unrest. This incident underscores how external political factors can dramatically impact the crypto market.
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