Techub News reports that, according to Forbes, Israeli Defense Minister Israel Katz confirmed a precise strike on ballistic missile bases in Tehran and Duhok. Following this, Bitcoin prices temporarily plummeted over 4%, falling below the 64,000 USDT mark. The overall crypto market, viewed as a risk asset, declined collectively due to geopolitical tensions. Israel described this as a “preemptive strike,” sparking concerns about an escalation of Middle East conflicts. Traditional safe-haven assets such as gold, silver, and oil prices rose, while Bitcoin failed to serve as a “digital gold” safe haven. TradersUnion data shows the total market capitalization of cryptocurrencies dropped 5.5% to $2.21 trillion. BloomingBit analysis states that such events often lead to a short-term decrease in risk appetite, but if the conflict remains controlled, the crypto market may rebound.
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