The possible situation of a war breakout has resulted in the entire crypto-market taking a huge plunge
Moreover, the attack came as a surprise as no one expected the Iranian regime to launch an attack directly from its soil. This is a move made for the first time in its history.Bitcoin and the rest of the crypto market took the plunge immediately after reports of Iran’s attack first emerged. Bitcoin ’s priceof $61,308 but quickly rebounded to trade just above this level, as per TradingView.
For now, the market seems to have stabilized as there has not been a major upward or downward trend in the past hour. However, the possibility of a price recovery seems uncertain at the moment as tensions continue to escalate between both countries.
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