Join our Telegram channel to stay up to date on breaking news coverage
bitcoin Oil prices plummeted and oil prices rose as Israel vowed to make Iran pay for a missile attack, dampening Uptober's optimism amid escalating hostilities in the Middle East.
btc bitcoin/”>fell more than 3% in the last 24 hours to trade at $61,672.54 at 2:40 a.m. EST, as the overall crypto market plunged 4.2% to a market capitalization of $2.17 trillion, according to CoinMarketCap.
Israeli PM says Iran will 'pay' for missile attack
Iran fired about 200 ballistic missiles at Israel yesterday around 7:30 pm local time, just hours after the United States warned of an imminent attack. Many of the missiles were intercepted, according to the Israel Defense Forces.
“Iran made a big mistake tonight and will pay for it,” Prime Minister Benjamin Netanyahu said during a meeting with his security cabinet. In the following hours, the Israel Defense Forces launched a counterattack against Hezbollah objectives in Lebanon.
The price of oil rose more than 5% amid concerns about supply disruptions. Gold prices also rose 1.4% to $2,665 an ounce yesterday as investors retreated to the financial safe haven amid rising tensions in the Middle East. Since then, the price of gold has experienced a slight correction to settle at $2,648.76.
Superior optimism takes a hit
October has historically been a bullish month for the cryptocurrency market. Favorable macroeconomic conditions and bitcoin's positive September close this year raised market optimism, with several analysts predicting that cryptocurrencies would perform well in the final months of the year.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”4.7567567567568″>
crypto Fear & Greed Index now: 42 (Fear)twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto pic.twitter.com/X03DF4hSE5
– crypto Candy (@cryptocandy24x) twitter.com/cryptocandy24x/status/1841292652530241541?ref_src=twsrc%5Etfw”>October 2, 2024
However, over the past 24 hours, the bulls took a hit. In addition to btc's 3% drop, altcoin leader ethereum (eth) saw its price drop more than 6%, while tThe rest of the top 10 cryptocurrencies suffered losses.
Related articles:
Most Wanted crypto Launch: Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- Over $10M Raised in ICO – Ends Soon
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
