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Israel Launches Airstrikes on Iran, BTC Falls Below 64,000, Liquidating $175 Million
Affected by Israel's preventive airstrikes on Iran, Bitcoin (BTC) temporarily dropped below $64,000, with Ethereum (ETH) and other major cryptocurrencies also experiencing significant corrections.
Israeli Defense Minister Israel Katz announced the airstrikes, with missiles hitting multiple targets in downtown Tehran, including near the office of Iran's Supreme Leader.
In the past hour, the entire network experienced liquidations totaling $175 million, with $165 million in long positions liquidated.
In the short term, if the conflict escalates, Bitcoin could fall below $60,000; if the situation is contained, the market may rebound.