Cryptocurrencies tilted wildly for noon on work hours on Monday, with Bitcoin
Slide briefly below $ 100,000 on the reports that Iran could prepare to attack the American bases in the Middle East.
Other major cryptos have also erased part of their earnings: Ethereum ether
fell below $ 2,200, while XRP plunged below $ 2 before stabilizing around these round levels. The Coindesk 20 index of the large market, having lost around 3% during the American morning session, was still slightly up in the last 24 hours.
At the time of the press, Bitcoin returned modestly above the $ 100,000 mark. The bottom of Sunday at price was about $ 98,500.
Axios reported that the Trump administration was preparing for Iran to attack the American bases in the Gulf in retaliation for the American soldiers bombing three Iranian nuclear sites during the weekend. American bases in Qatar, the United Arab Emirates and Kuwait were targeted.
The report noted that the president was placed to meet his national security team to discuss the threat.
“The recent Bitcoin fall is directed by a powerful mixture of geopolitical tension and macro uncertainty,” said Kirill Kretov, senior automation expert in Coinpanel. “While the conflict in the Middle East intensifies, the appetite for global risk has decreased sharply.”
