cryptocurrency The markets are extremely sensitive to geopolitical risks, and the claims that an attack on Iran has begun caused the price to fall. Bitcoin 
$67,537 (BTC) At the time of writing, it is at $65,600 and the daily bottom is going deeper.
Why Are Cryptocurrencies Falling?
Many altcoins were down more than 10% at the time of writing. BTC price It fell to $65,600. It is claimed that Israel launched an attack on Iran in response to the missiles on October 1. According to Fox News, the attack has officially begun. Investors are also selling quickly, worried about bigger losses at the start of another weekend.
Sources such as Axios confirmed that the attack had begun in their reports based on people with knowledge of the matter. Iranian state television reports explosions in various parts of Tehran. However, no official statement has yet been made regarding the cause of the explosions.
US officials had made statements implying that there would be retaliation against Iran and recommending that it be “limited”. The Biden administration also announced that it was clearly concerned about the potential for this to turn into an all-out war. The US military has been increasing its power in the region for several weeks. CENTCOM announced just a few hours ago that U.S. Air Force F-16s from the 480th Fighter Squadron based at Spangdahlem Air Base in Germany had arrived in U.S. Central Command’s area of responsibility.
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.
