Analysis: Bitcoin and other cryptocurrencies depreciate significantly after Israeli airstrikes on Iran

According to Golden Ten, on Friday morning, the largest digital asset Bitcoin fell 3% in the Singapore market to below $103000, while smaller cryptocurrencies experienced even greater declines. The second ranked token, Ethereum, fell by about 6.9% at one point. Cryptocurrencies have responded negatively to the news of Israel's attack on Iran, consistent with major risk assets, "said Caroline Moran, co-founder of Orbit Markets, a cryptocurrency derivatives liquidity provider. We expect to see technical support around $101000, but geopolitical news will drive price trends in the short term