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Home/News/Bitcoin Drops to $64K as Iran-Israel Tensions Escalate and Fed Decision Looms
CoinGape·9h ago·negative

Bitcoin Drops to $64K as Iran-Israel Tensions Escalate and Fed Decision Looms

Bitcoin fell below $65K as Iran threatened retaliation against Israel over Lebanon strikes, while markets also braced for the Fed's rate decision. $56M in crypto longs were liquidated.

  • Bitcoin dropped to $64,880, down 3% in 24 hours amid Middle East tensions
  • Iran threatened 'harsh response' if Israeli attacks in southern Lebanon continue
  • $56 million in long positions liquidated across BTC, ETH, XRP, and other assets
  • Crypto Fear & Greed Index fell to 22 (extreme fear territory)
  • Fed holds rates steady but Chair Warsh's tone could add further pressure
marketmacroImpact 7/10
Why our editor rated this negative

Geopolitical escalation combined with macro uncertainty is driving Bitcoin lower, triggering liquidations and pushing sentiment to extreme fear.

Read the full story at CoinGape

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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