{"id":38764,"date":"2024-10-01T19:20:56","date_gmt":"2024-10-01T19:20:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-on-a-free-fall-as-iran-launches-missiles-into-israel\/"},"modified":"2024-10-01T19:20:56","modified_gmt":"2024-10-01T19:20:56","slug":"crypto-market-on-a-free-fall-as-iran-launches-missiles-into-israel","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-on-a-free-fall-as-iran-launches-missiles-into-israel\/","title":{"rendered":"Crypto market on a free fall as Iran launches missiles into Israel"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Iran-launches-missiles-into-Israel-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Iran-launches-missiles-into-Israel-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Iran-launches-missiles-into-Israel-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/Iran-launches-missiles-into-Israel-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Crypto market drops as Iran launches missile strikes into Israel.<\/li>\n<li>Bitcoin falls to $62k; Ethereum drops below $2,500.<\/li>\n<li>The global crypto market cap declines by 2.72% to $2.18 trillion.<\/li>\n<\/ul>\n<p>The global crypto market has witnessed a sharp decline following <a href=\"https:\/\/www.youtube.com\/live\/1o_MuUHonTM?si=briPYj-e0_NgCrJr\">reports<\/a> of Iran firing missiles into Israel.<\/p>\n<p>The heightened geopolitical tensions have sent shockwaves through financial markets worldwide, with crypto assets taking a significant hit.<\/p>\n<p>As news of the missile strikes spread, cryptocurrency markets reacted swiftly. <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a>, the largest cryptocurrency by market capitalization, had dropped to $61,932.92 at press time while <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum (ETH)<\/a>, the second largest cryptocurrency, witnessed a 3.42% plunge, with its price dipping below $2,499.30.<\/p>\n<p>Altcoins, often more volatile, experienced even steeper declines, with Arweave (AR), Notcoin (NOT), Gala (GALA), and Worldcoin (WLD) dropping by double digits as investors scrambled to offload risky assets.<\/p>\n<p>As the market plunged, the global cryptocurrency market cap dropped by over 2.72% to $2.18 trillion.<\/p>\n<p>The sudden drop in crypto prices underscores the market\u2019s sensitivity to geopolitical events. Historically seen as a hedge against inflation and economic uncertainty, cryptocurrencies have not proven immune to geopolitical shocks.<\/p>\n<p>Investors, rattled by the fear of broader regional instability and its potential impact on global markets, have moved to safer assets such as gold, which saw an uptick in prices.<\/p>\n<p>The attack marks a severe escalation in the already volatile Middle East region. Iran\u2019s missile launches were reportedly in retaliation for the Israeli operations in Lebanon that have resulted in the <a href=\"https:\/\/youtu.be\/4sfwaGmO0x8?si=XYjC-HZKkgi1EJqI\">elimination of Hezbollah\u2019s leader<\/a>.<\/p>\n<p>Israel has, however, responded swiftly, vowing to defend its territory, raising concerns of an impending large-scale conflict.<\/p>\n<p>While the full extent of the conflict\u2019s impact remains unclear, the continued volatility in the Middle East is likely to keep the crypto market on edge in the coming days.<\/p>\n<p>Traders and analysts are now closely watching both diplomatic developments and market reactions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-market-on-a-free-fall-as-iran-launches-missiles-into-israel\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto market drops as Iran launches missile strikes into Israel. Bitcoin falls to $62k; Ethereum drops below $2,500. The global crypto market cap declines by 2.72% to $2.18 trillion. The global crypto market has witnessed a sharp decline following reports of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":38765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38764"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38764"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38765"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}