Bitcoin Crashed Below $100,000 Amid US Airstrikes On Iran And Market Sell-Off
The market’s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate. This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with Ethereum (ETH) experiencing an even sharper decline of nearly 10%. Overall, the total cryptocurrency market took a significant hit, falling about 7% in just 24 hours. Geopolitical Unrest And Tariff Troubles The timing of this downturn was particularly....
Related News
Markets just got rattled. After Trump ordered airstrikes on Iran’s nuclear sites, crypto took a tumble. XRP slid nearly 16% in the last month, dipping from around $2.47 to $2.04 amid panic across the market. Meanwhile, $595M in bullish bets were wiped out during the crash, as U.S. military action triggered massive liquidations across Bitcoin, […]
Citizens of Iran now have their own bitcoin market website, CoinAva. The site aims to educate people about bitcoin and allow them to buy and sell the digital currency. A spokesperson for CoinAva said bitcoin isn't yet very popular in Iran, but said that once a few people start talking about it, its popularity will increase rapidly. "When something takes off here, every man and his dog will be totally into it," he said. He went on to say the Iranian government hasn't said anything specifically about bitcoin yet, but he believes it probably thinks digital currency is "another conspiracy of....
BTXCapital, the first bitcoin exchange to open in Iran, will be bringing the cryptocurrency to a previously untapped market. The company will will offer instant deposits and real-time buy and sell orders to users in the country through Draglet's exchange platform. Bitcoin regulation in Iran is still an unresolved issue, although the bitcoin exchange noted that there is an increase in demand for a remittance service in the country. The cryptocurrency could be the perfect vehicle, as it promises lower transaction fees compared to conventional forms of money transfer. Bitcoin Exchange in....
It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic.
Top Banker Confirms Crypto Trading Still Illegal in Iran
The purchase and sale of cryptocurrencies or using the digital assets for investment purposes is prohibited, the governor of the Central Bank of Iran (CBI), Ali Salehabadi, has recently told local media. At the same time,....
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran will gain access to green energy, local media reported. The Ministry of Energy in Tehran has adopted new rules allowing plants generating electricity from renewable sources to supply coin minting enterprises that....