Cryptocurrencies experienced a significant decline on Friday, with bitcoin dropping below $60,000 amid a flight from risky assets following reports of an Israeli missile strike on Iran. During the Asia session, bitcoin slid more than 5.5% to $59,961, while Ether also fell below the $3,000 mark, dropping to $2,895, reflecting a similar decline.
According to ABC News, Israeli missiles struck a site in Iran, as reported by a U.S. official. This development occurred shortly after Iran launched a drone strike on Israel, contributing to escalating tensions between the two nations.
Iran’s Fars news agency reported an explosion at the airport in Isfahan, further heightening geopolitical concerns.
In response to the uncertainty, traditional safe-haven assets such as oil, gold, and bonds experienced sharp rallies.
