Bitcoin (BTC-USD) and other digital assets declined sharply after Israel announced it had launched a preemptive strike on Iran on Saturday. Bitcoin (BTC-USD) fell as much as 3.8% to $63,038, while Ether (ETH-USD), the second-largest cryptocurrency, dropped 4.5% to $1,835.
Bitcoin (BTC-USD) and other digital assets declined sharply after reports that Israel had launched a preemptive strike on Iran on Saturday. The development underscores the potential for geopolitical events to weigh on crypto markets. Bitcoin fell as much as 3.8% to $63,038, while Ether (ETH-USD), the second-largest cryptocurrency, dropped 4.5% to $1,835.
The moves highlight ongoing volatility in the crypto market amid global tensions. Traders are closely watching risk sentiment and liquidity as markets reassess exposure.
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