Middle-East crisis: Bitcoin plummets to USD 60k

BENGALURU: The rising geopolitical tensions have impacted the cryptocurrency market as Bitcoin fell below USD 61,000 on Wednesday, which is nearly a 4% decrease over 24 hours.

The recent decline in Bitcoin, dropping to USD 61,000 after reaching USD 64,000, alongside dips in the S&P and Nasdaq, reflects a broader market reaction to escalating geopolitical tensions between Iran and Israel, said Edul Patel, CEO of Mudrex.