According to reports, the Israeli Air Force launched an airstrike on the Iranian Air Force’s 8th Tactical Airbase in the early hours of today. This has further escalated tensions in the Middle East, leading to a significant decline in the cryptocurrency market.
However, according to BNO News, Iranian officials have informed the media that the Israeli airstrike was unsuccessful and the explosions heard in the area were caused by interception.
As per trading data, Bitcoin fell below $60,000 this morning, while Ethereum dropped below $2,900. Over the past 24 hours, the entire network has experienced liquidations totaling 240 million pounds.
