Bitcoin On The Decline With The Escalation Of Israel-Iran Tensions: Will There Be Replay Attack? - Coin Newsletter

**The increase in the likelihood that Israel will respond to the Iranian attack, despite the absence of any support from the United States, led to a decrease in Bitcoin (BTC).

Recently, Iran launched an attack on Israel, sending a number of drones and missiles. At the time of the events, fall was observed in all global markets, including Bitcoin. Later, the atmosphere softened a little as a result of the U.S. not giving Israel support on this issue and Iran abandoning its attacks.

According to a report by CNN, Israel's war cabinet seems determined to crack down on Iran's attacks, despite the lack of U.S. support. It is stated that the cabinet will retaliate against Tehran in the current situation, but is discussing the timing so as not to cause losses.

The Bitcoin, which is in the process of recovering after the recent decline, fell from the peak price of $66,874 it saw yesterday to $61,670. The observed withdrawal is thought to be influenced by expectations that Israel will respond to the Iranian attack.

According to data from CoinGecko, Bitcoin is trading at $62,916 at the time of writing.