PiCK

Bitcoin tumbles intraday as U.S.-Iran war fears sap risk appetite

Uk Jin

Summary

Bitcoin (BTC) was trading at $66,080, down 2.90% from the previous day.
Risk appetite for Bitcoin and other risk assets has deteriorated on speculation about a possible U.S.-Iran clash.
Evacuation-related steps by the U.S. State Department and China’s Foreign Ministry point to rising regional security risks.

Forecast Trend Report by Period

Bitcoin (BTC) is plunging intraday.

As of 9 p.m. KST on the 27th, Bitcoin was trading at $66,080, down 2.90% from the previous day, according to CoinMarketCap.

Bitcoin had climbed as high as $68,000 intraday, but began to fall sharply from 6:30 p.m.

The move is seen as driven by worsening risk sentiment for Bitcoin and other risk assets amid speculation that a clash between the United States and Iran could begin.

Earlier, the U.S. State Department approved the departure of some staff and family members from the U.S. Embassy in Israel due to security risks.

China’s Foreign Ministry also said on social media that “as external security risks facing Iran have risen markedly in recent days, a number of countries have issued notices advising their nationals to evacuate.”

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