Prices of many cryptocurrencies, including Bitcoin and Ethereum, plunged today after the Israeli military announced that Iran had launched “dozens” of drones into the country in an attack on the country. .
According to The Block's price page, the price of Bitcoin peaked today at around $68,000, but has fallen sharply over the past hour, reaching around $62,000 as of 4:50 p.m. ET. , down nearly 8%. Ethereum similarly fell by 9% to around $3,000, while other tokens such as BNB and Solana saw double-digit declines.
The overall cryptocurrency market fell by 8% on the day, according to data from The Block. While the geopolitical events are not directly related to cryptocurrencies, traditional markets are closed on Saturday, and it is unclear how traders in other asset classes will react to the news.
This is a developing story.
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