Key takeout
Bitcoin fell below $100,000 due to an escalating geopolitical tension in the Middle East. Reports of an impending Iranian attack on US bases have raised investors’ concerns and contributed to a decline.
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Bitcoin slipped its $100,000 mark to under $100,000 on Monday amid escalating geopolitical tensions in the Middle East. Israeli officials confirmed that Iran launched six missiles at a US military base in Qatar, and another missile was launched at an Iraqi base.
The strike follows reports of witnesses to the explosion over Qatar’s capital, Doha, as Reuters reported.
The Iranian attack comes as a response to a US military strike against nuclear facilities. In particular, coordinated airstrikes carried out by the US target major Iranian nuclear sites in Fordor, Natanz and Isfahan. These strikes, first announced by President Donald Trump, were aimed at preventing Iran from developing nuclear weapons.
Bitcoin fell below the six-digit threshold in response to the news, but quickly bounced back as a fresh update on Iranian military action hit the wire.
This is a developing story. We will continue to update you.
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