Bitcoin and other cryptocurrencies tumble amid Middle East tensions

The cryptocurrency market experienced significant selling following an Iranian drone and missile attack on Israel.Show more

Bitcoin dropped around 8% as the attack unfolded, hitting a low of below $62,000 before rebounding to over $64,000.

Other digital coins, like ether, also saw declines of up to 10%.

This marked the sharpest sell-off for bitcoin in over a year, despite recent price highs driven by inflows into U.S. spot bitcoin ETFs, CNBC has reported.

READ MORE: https://www.cnbc.com/2024/04/14/bitcoin-btc-and-other-cryptocurrencies-tumble-amid-middle-east-tensions-.html

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