Bitcoin Price Drops Due To Israel-Hamas War

In this update, we explore how Bitcoin's price was influenced by recent developments in the Hamas-Israel conflict. Bitcoin experienced a 1.2% drop to slightly over $27,000 as worsening conditions in the conflict shook investor confidence in riskier assets. Investors shifted away from traditional equities and risk assets in favor of gold and oil, which saw significant gains recently. The crypto markets also saw a 1.6% decline over the past 24 hours, affecting various tokens, including Ether and XRP. Find out more about these market dynamics and how they relate to global events.