Iran airstrikes Israel! Bitcoin fell by 60,000, Ethereum fell below 2,800, and 250,000 people liquidated their positions to exceed US$950 million.

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Tensions in the Middle East have increased. The Iranian Revolutionary Guards confirmed early this morning (14th) that they had launched a large number of drones and missiles towards Israel in retaliation for the deadly attack on its Damascus consulate on April 1.

The Israeli military also confirmed that Iran has launched more than 200 drone attack aircraft towards Israel. In response, a spokesman for the White House National Security Council said:

"President Biden has made clear that our support for Israel's security is rock solid...The United States will stand with the Israeli people and support their defense against threats from Iran."

Iran's UN mission: Military operation has ended

Fortunately, it seems that the situation will not escalate again. The Iranian UN delegation issued a statement at 6 o'clock this morning stating:

Iran's military action was conducted under Article 51 of the United Nations Charter on Lawful Defense and in response to the Zionist regime's aggression against our diplomatic mission in Damascus.

This matter can be considered concluded for now. However, if the Israeli regime makes another mistake, Iran's response will be even harsher.

This is a conflict between Iran and the rogue regime of Israel, and the United States must stay away!

Previously, U.S. officials also revealed that Iran has told Washington that it will not act hastily and prevent the situation from escalating. The counterattack may be launched by its proxy militia groups to avoid triggering a regional war that would force the US military to take action; the Israeli military said that Israel is on alert and that they are fully prepared for various situations.

Bitcoin once fell to $60,000

After news broke that Iran sent drones to attack Israel, Bitcoin also plunged from US$67,000, hitting a low of US$60,000 around 4 a.m., and fell by more than 10% in half an hour.

At the time of writing, Bitcoin was trading at $63,967, with its decline in the past 24 hours narrowing to 3.79%.

BTC trend, source: OKX

Ethereum plunges 12% in half an hour

The decline in Ethereum was even greater, falling by more than 12% in half an hour, hitting a minimum of $2,791. It was trading at $2,998 at the time of writing, with a drop of 5.8% in the past 24 hours.

ETH trend, source: OKX

The entire network liquidated 954 million magnesium, and 253,000 people were liquidated

Bitcoin once hit $60,000 in violent fluctuations. According to data from Coinglass, in the past 24 hours, the entire cryptocurrency network liquidated more than $950 million and more than 253,000 people were liquidated. Bullish investors suffered heavy losses.

Dynamic Zone reminds readers that the current conflict in the Middle East has made the overall economic situation more complicated, and investment needs to be cautious.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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