Bitcoin and other cryptocurrencies fall sharply following Iran’s attack on Israel.
) sank 15.96% to $129. According to CoinMarketCap data, the global crypto market capitalization declined 8.19% to $2.23 trillion.to Bloomberg, Iran launched drones toward Israel on Saturday. The move is a retaliation for an attack conducted by Israel days before. Israel attacked a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals.a cargo ship owned by a billionaire Israeli.
“We are devoted to the defense of Israel. We will support Israel, we will help defend Israel, and Iran will not succeed.” The conflict between Iran and Israel significantly escalates tensions in the region, something the U.S. has been reportedly trying to prevent since October’s Israel-Hamas conflict.
U.S. officials have been urging Israel not to escalate tensions in their responses to Iran, a government sourceCNN. The officials also expressed frustration with the lack of prior information Israel provided regarding its airstrike in Damascus. Israel only informed a U.S. official when its planes were already en route to Syria, sources said.
“We were not aware that Israel was going to carry out this airstrike in advance,” the official stated. “Minutes before it happened and when Israeli planes were already in the air, Israel reached out to a U.S. official to say they were in the process of conducting a strike in Syria. It did not include any details on who they were targeting or where it would be conducted, and the strike was already underway before word could be passed through the U.S. government.
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