From Investing.com: 2024-04-13 16:38:58

Tensions between Iran and Israel rose as Iran launched attacks on Israel using unmanned aircraft, per IDF reports. Concerns about a potential regional war surfaced as the threat loomed over Israeli airspace.

Bitcoin prices plunged over 7%, hitting 3-week lows below $62,000, following the news of the escalating tensions. The price dropped 6.4% during the day amid the volatile market conditions.

Hostilities have been on the rise between Iran and Israel since the Gaza war began in October. Accusations, including Iran accusing Israel of attacking its consulate in Damascus on April 1, have only fueled the tensions.

Investors are closely monitoring the developments in the region as instability continues to grow. With the potential for further escalation, the situation remains precarious for both Iran and Israel.

Read more at Investing.com: Bitcoin price drops 7% on reports Iran launched attacks at Israel By Investing.com