- Wealthcamp
- Posts
- Bitcoin, Markets Plunge as Iran Launches Missile Attack on Israel
Bitcoin, Markets Plunge as Iran Launches Missile Attack on Israel
How does this impact "Uptober"?
Hunter Hodge
October 02, 2024 • Read Time: 7 minutes
Bitcoin, along with traditional markets, took a hit as Iran launched an attack on Israel. Bitcoin sank below $62K on the news.
The market's swift reaction, spurred by rumors and reality, serves as another startling reminder of how intertwined global politics and cryptocurrency have become. Traders who were eyeing a bumpy but upward journey for "Uptober" find themselves in uncharted waters instead.
Let's dive in!
Bitcoin falls under $62K as Iran launches missile attack on Israel, increasing market volatility. — Read More
Bitcoin's plunge causes $450M in bullish crypto bets to be liquidated, hitting futures traders hard. — Read More
Bitcoin could surge with global stimulus, US election outcomes, and FTX payouts, despite current market volatility. — Read More
Argentina's VP expresses interest in Bitcoin amid discussions with El Salvador's President. — Read More
Robinhood's crypto subsidiary launches deposit and withdrawal of 20+ digital assets in Europe. — Read More
Bitcoin Crashes $4K After Middle East Tension
Bitcoin prices plunged $4,000 in less than 24 hours following an Iranian missile strike on Israel, inciting market panic.
Cleanspark CEO's Bold Bitcoin Prediction
Cleanspark CEO forecasts Bitcoin hitting $200K in 18 months.
Analyst Predicts Bitcoin Surge to $90,000
Bitcoin, currently in decline, is expected to rise to $90,000 if it follows global M2 money supply growth.
CME Group Sees Record Launch with Bitcoin Friday Futures
CME Group's Bitcoin Friday Futures launched with 31,498 contracts traded in a groundbreaking crypto product debut.
Ethereum Struggles Below $2,550 Resistance
Ethereum trades above $2,500 but struggles to break past $2,550, facing resistance levels near $2,520 and $2,535.
Bitcoin and Ethereum ETFs Lose $290M Amid Middle East Conflict
Crypto ETFs face $290M outflows as Middle East tensions spike.
Will SUI or SEI Overtake Solana as the Next Crypto Giant?
Solana faces competition from new Layer 1s SUI and SEI as they continue to grow faster in the market.
Altcoins Plummet Due to Geopolitical Instability and Long Liquidations
Altcoins like STRK and AR face double-digit losses amid geopolitical tensions and long liquidations, risking further market declines.
Tether CEO Highlights USDT's Global Importance
Ardoino emphasizes USDT's vital role in inflation-ridden countries and Tether's backing of the U.S. dollar via T-bills.
Binance Gains Kazakhstan Crypto License
Binance secures regulatory approval for crypto trading in Kazakhstan.
Energy Web's AutoGreenCharge Beta Revolutionizes EV Charging
Energy Web launches AutoGreenCharge beta app to enable 100% renewable EV charging, facilitated by Polkadot blockchain.
Chainlink Partners With ANZ in RWA Tokenization Effort
Chainlink collaborates with ANZ in Project Guardian for secure cross-chain exchange of tokenized real-world assets.
Tokenization Enhances Collateral Transfers
Tokenization facilitates faster, more efficient collateral transfers using blockchain, as demonstrated by a recent pilot project.
Grayscale Opens Decentralized AI Fund to Accredited Investors
Grayscale's decentralized AI fund is now available to accredited investors, offering diversified exposure to AI-driven blockchain projects.
Hut 8 Repays $38M Loan, Ventures into AI Market
Hut 8 converts $38M loan into equity at a premium, launches GPU services for AI developers.
Top Crypto Gaming Tokens of 2024
The biggest gaming tokens of 2024, ranked by peak market cap.
Web3 Gaming's Journey to Mainstream Adoption
Web3 gaming is gradually gaining traction with investors and big gaming studios, setting the stage for mainstream adoption.
UK Launches Digital Securities Sandbox at DAW24
BoE introduces DSS for innovation in digital assets, emphasizing low-risk and stability.
Gemini Joins Binance and OKX in Exiting Canadian Market
Gemini exits Canada amid tight crypto regulations introduced by Canadian authorities, calling on users to withdraw funds before December 31.
Bitwise's XRP ETF faces likely rejection
Bitwise's XRP ETF bid will likely fail if the SEC appeals its case by October 7.
COPA and Unified Patents Launch 'Blockchain Zone' Against Patent Trolls
COPA and Unified Patents have teamed up to fight patent trolls in the blockchain space.
Uruguay Becomes LATAM Crypto Regulation Leader
The new law gives Uruguay's Central Bank authority over domestic crypto exchanges, making it a regional leader in crypto regulation.
12% of Voters May Consider Switching Parties for Pro-Crypto Candidates
A HarrisX survey shows 12% of voters might cross party lines for pro-crypto candidates, with nearly half seeing it as crucial.