On October 13, local time, Israel launched a preemptive attack on Iranian nuclear facilities. The operation, which included airstrikes on dozens of Iranian sites, plunged the Middle East into turmoil, causing a ripple effect across financial markets. The situation precipitated a downturn in major markets, notably the cryptocurrency sector.
Bitcoin witnessed a dramatic fall, dropping below $103,000 as the news of Israel's airstrikes on Iran emerged. The cryptocurrency market as a whole felt the impact of the escalating geopolitical tensions, experiencing a meltdown as a result. Benzinga reported that Bitcoin exhibited a decline, plunging more than 7% over three days and settling at approximately $103,200 on the same day.
