Bitcoin Dips Below $60K as Israel Launches Strike on Iran

(BTC)
fell
5%,
dipping
below
$60,000
before
quickly
recovering
to
about
that
level,
as
Israel
hit
back
against
Iran
for
a
missile
strike
last
week.

ABC
News
first
reported
that
Israel
had

launched
a
retaliatory
strike
against
Iran
Friday
morning
Hong
Kong
time.

CNN
quoted
local
media
as
saying
that
various
military
bases
and
airfields
in
the
country
have
been
hit
by
missiles.

Ether

(ETH)
is
also
down
3.45%,

according
to
CoinDesk
Indices
data,
trading
at
$2,800
on
the
news.

PAXG,
a
tokenized
version
of
gold
run
by
Paxos,
is
up
nearly
3%,

according
to
market
data.

March
Zheng,
a
managing
partner
at
Bizantine
Capital,
said
that
the
next
threshold
for
bitcoin
is
$55,000,
should
market
turmoil
continue.

“If
there
is
a
panic
sell
for
bitcoin
due
to
war-related
news,
it
would
still
be
a
good
buying
opportunity,”
added
Jun-Young
Heo,
a
derivatives
trader
at
Presto
said
in
a
Telegram
message.

Major
stock
indices
in
Asia
are
also
down,
with
Hong
Kong’s
Hang
Seng
index
down
3.5%,
Japan’s
Nikkei
225
down
6.5%,
and
Taiwan’s
TAIEX
down
5%.