Bitcoin price falls 7% on reports Iran has launched attacks on Israel Morinda News


Tensions between Iran and Israel escalated on Saturday evening after reports emerged that Iran had launched attacks against Israel.

According to the Israel Defense Forces (IDF), the attacks were by unmanned aircraft launched from Iranian territory towards Israel. Confirmation of the attacks has raised concerns about the possibility of a regional war.

“We monitor the threat in the airspace. “It is a threat that takes several hours to reach the territory of the State of Israel,” IDF said.

The price fell by more than 7% on this news. Price action tested 3-week lows below $62,000. At the time of writing, Bitcoin price was down 6.4% on the day.

The recent hostilities are a result of increasing tensions between Iran and Israel, particularly since the war in Gaza began in October.

Accusations and counter-accusations escalated, with Iran accusing Israel of an attack on its consulate in Damascus on April 1.

Investors will be following developments in this region very closely given the possibility of further escalation and instability in the region.


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