Bitcoin (BTC) 
$64,067 price At the time of writing, it fell to its daily bottom of $62,522. The reason for the decline is geopolitical tensions, the effects of which we have not felt for a while. Missiles, which are a nightmare for cryptocurrency investors, can cause larger fluctuations in the chart. So, what are the details of the last incident?
Why Is Bitcoin Falling?
A senior White House official just said, “We are receiving signals that Iran will launch a ballistic missile attack against Israel in the near future.” Although the IDF spokesman stated that they had not seen such an attack yet, AXIOS confirmed the preparation for an attack. Although US officials have warned that a possible attack will have serious consequences for Iran, activity is likely to increase in the coming hours.
Risk markets perform poorly in such war environments for many reasons. cryptocurrencies also started to decline due to the increasing tension. Since BTC lost the $ 63,000 level, altcoins continue the day with losses exceeding 2 percent.
If we see panic selling in the US markets in the coming hours, this will also have consequences on cryptocurrencies. In summary, the reason for the possible rapid declines you will see today will be related to the ballistic missile attack.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
