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Carousel | Summary of the Iran-Israel Conflict that Triggered the Decline of Bitcoin
The tension of the war between Iran and Israel continues to cause turmoil in the global market, especially after Iran announced the blockage of a crucial oil route in the Strait of Hormuz. The situation was further exacerbated after US President Donald Trump decided to side with Israel.
Trump confirmed the bombing of three Iranian nuclear sites on Sunday (22/06). This was done as a warning to Iran after blocking a crucial oil route in the world.
As a result, the global financial market is in turmoil, causing the price of Bitcoin (BTC) to plummet to US$99,000, on Sunday (22/06) night.
Bitcoin has also dropped 3.50% in the last 24 hours. However, Bitcoin has now recovered to the level of US$101,157, Monday ( 12:00.
Therefore, the risk of Bitcoin price fluctuations remains high, especially if conflicts involve major countries such as the US and North Korea.