Conflict between Iran and Israel has dominated the Asian continent stock markets dip Bitcoin and the crypto market were also active on Monday. India’s Sensex (Sensex), Hong Kong Hang Seng and Japan Nikkei all crashed after the bell rang, causing stock prices to drop. Institutional investors have pulled their positions due to investor concerns about further crashes.
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Bitcoin’s flash price dropped by 4,500 dollars minutes after Iran began its missile and drone attacks against Israel. Iron Dome was able to stop all missiles coming from Iran, but there are still war threats.
![bitcoin btc cryptocurrency crash](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Bitcoin-Crashes-4500-Minutes-After-Iran-Israel-Missile-Attacks.jpg)
Bitcoin traded around $67,200 on Sunday just before Iran fired the drone missiles at Israel. Bitcoin fell to $62,700 after the drone attacks. It lost $4,500 within a few minutes. The overall crypto market was thrown into panic, and the value of leading altcoins dropped to new weekly lows.
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Will The Cryptocurrency Market & Bitcoin Dip Further Due To the Iran & Israel Conflict?
![Cryptocurrency Crash Loss Fall Bitcoin BTC](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713169444_483_Bitcoin-Crashes-4500-Minutes-After-Iran-Israel-Missile-Attacks.jpg)
![Cryptocurrency Crash Loss Fall Bitcoin BTC](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713169444_483_Bitcoin-Crashes-4500-Minutes-After-Iran-Israel-Missile-Attacks.jpg)
Bitcoin temporarily recovered some of its value. It is currently up almost 3% as early Monday morning approaches. The price is expected to drop as tensions increase between Iran and Israel. US backing for Israel is making Middle Eastern tensions rise.
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Bitcoin and the cryptocurrency market could be at risk this week if there is no resolution to the Iran-Israel dispute. As institutional investors already indulge in selling, the turbulence might cause Bitcoin to lose its value. BTC could fall further to $61,000 if the market continues its downward trend.
Read here It is important to make a reasonable price forecast about the possible highs and lows of Bitcoin in charts for this month. Bitcoin is on a downward slope due to the growing conflict between Iran & Israel.
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Source: watcher.guru