Market Shakes as Middle East Tensions Spark Equity Sell-Off, Bitcoin Dips to $60K
Concerns over escalating conflict in the Middle East led to sharp declines in U.S. stock indices on Tuesday, with the Nasdaq Composite, Dow Jones, Russell 2000, and S&P 500 all closing lower.
Following reports that Iran launched nearly 200 missiles toward Israel, bitcoin dropped to $60,246 before rebounding slightly. Ethereum also saw a 6.5% decline, contributing to a broader crypto market drop of 5.59%. Gold and silver prices rose by around 1% as investors sought safety amid rising fears of global instability.
Market uncertainty continues to ripple across both traditional and crypto markets, driven by escalating geopolitical tensions.
Clever Robot News Desk 2nd October 2024
