Bitcoin {{BTC}} fell 5% to below $60,000 before quickly recovering to that level following Israel's retaliatory strike on Iran following last week's missile attack.

Ether {{ETH}} was also down 3.45%, trading at $2,800, according to CoinDesk Indices.

PAXG, the tokenized version of gold from Paxos, rose nearly 3%, according to market data.

Major stock indexes in Asia are also down, with Hong Kong's Hang Seng index down 3.5%, Japan's Nikkei 225 down 6.5% and Taiwan's TAIEX down 5%.