Bitcoin Tumbles, Oil Surges As Israel Vows Revenge For Iran Missile Attack, Dampening Uptober Optimism
Bitcoin slumped and oil prices surged as Israel vowed to make Iran pay for a missile attack, dampening Uptober optimism amid escalating hostilities in the Middle East. BTC tumbled more than 3% in the past 24 hours to trade at $61,672.54 as of 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 Prime Minister Says Iran “Will Pay” For Missile Attack Iran fired about 200 ballistic missiles at Israel yesterday at around 7:30 p.m. local time, just hours after the US warned of an impending attack. Many of the missiles were intercepted, according to Israel’s Defense Forces. “Iran made a big mistake tonight, and it will pay for it,” said Prime Minister Benjamin Netanyahu during a meeting with his security cabinet. In the following hours, the Israeli Defense Forces launched a counter strike against Hezbollah targets in Lebanon. The price of oil surged over 5% a...