Ethereum

Cryptocurrency

April

In a significant downturn, Bitcoin’s value took a sharp decline, dropping to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$62,489</a>, a fall of 8.4% on April 13, in the wake of an Iranian offensive against Israel. This escalation in Middle East geopolitical tensions has sent ripples through the cryptocurrency markets.
The digital currency’s valuation saw a precipitous drop from approximately $67,000 to $61,625, erasing an estimated $130 million from its market capitalization in a brief span following the news of the attack.
Reports from Bloomberg indicate that the Iranian action involved drone strikes directed at Israeli targets, a response to a prior Israeli operation. The earlier Israeli mission targeted a facility in Damascus, Syria, resulting in the deaths of seven Iranian nationals, among them two high-ranking military officers.
The ripple effect of the sell-off extended beyond Bitcoin, with other major digital currencies also experiencing a downturn. At the time this report was compiled, Ethereum had fallen by 9.81% to a value of <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$2,927</a>, and Solana’s price had decreased by 15.96%, reaching <a href="https://www.coingecko.com/en/coins/solana" rel="noopener noreferrer nofollow">$129</a>.

Cryptocurrency Markets Tumble Amid Rising Middle East Tensions

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