Bitcoin Price Slides As Israel Launches Airstrikes On Iran
Bitcoin has fallen closer to $100,000 following Israeli airstrikes on Iran, dropping 2.8% from $106,042 to $103,053 before recovering slightly to $104,370. Approximately $427.84 million in long positions were liquidated in the past 24 hours. Bitcoin had recently peaked at $110,265, near its all-time high of $111,940. While gold and oil prices have risen, some analysts believe Bitcoin may soon outperform them again, recalling a similar situation in October when Bitcoin initially dropped but later rebounded. Israeli Prime Minister Netanyahu stated the strikes targeted Iran's nuclear program, while Iran's leader warned of severe retaliation. Some Bitcoin advocates suggest this is a buying opportunity, with calls to purchase during market dips.
