Middle East Tensions Trigger Equities Sell-Off, Bitcoin Drops to $60,128

On Tuesday, major U.S. stock indices, including the Nasdaq Composite, Dow Jones Industrial Average, Russell 2000, and S&P 500, all closed in negative territory, driven by growing concerns over potential conflict escalation in the Middle East. According to the U.S. State Department, Iran launched nearly 200 ballistic missiles toward Israel. Following the announcement, bitcoin dipped to $60,246, while gold prices experienced a modest 1% rise.

Conflict Fears Rattle Markets: U.S. Stocks Slide, Bitcoin and Ethereum See Sharp Declines

On Oct. 1, 2024, reports flooded in stating that Iran had launched missiles at Israel, with most of the attacks successfully intercepted. However, Israeli military spokesperson Daniel Hagari noted that “a few hits” did occur. As the news broke, the markets reacted swiftly, and U.S. equities took a nosedive. The Russell 2000 (RUT) dropped 1.48%, the Nasdaq Composite (IXIC) fell 1.53%, the Dow Jones Industrial Average (DJI) slid 0.41%, and the S&P 500 (GSPC) lost 0.93%.

Globally, markets tightened as concerns mounted over the potential escalation into a world war. Social media is filled with discussions about World War III, and news outlets across the globe are delivering constant updates. Just like traditional stocks, the crypto market is feeling the pressure, shaken by news that has unsettled equity investors. The crypto market’s overall value has dropped to $2.12 trillion, down 5.59% over the past 24 hours.


#Bitcoin #ETH #btc #BTC #Binance