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Bitcoin (BTC) Plummets Amid Israel-Iran Tensions—More Volatility Expected as Conflict Escalates

  • Bitcoin (BTC) plummeted to $61k after tensions escalated between Israel and Iran, with over 180 missiles fired into Israel.
  • Geopolitical instability led to a liquidation of $250 million in futures positions and a sell-off in US equities.
  • Bitcoin and other cryptocurrencies experienced a decline, with Ethereum down 6% and Binance Coin, Solana, Dogecoin, and Cardano also dropping.
  • Analysts remain optimistic for a rebound in Bitcoin price as the US presidential election outcome becomes clearer.

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