Bitcoin Fails To Recover After Iran's Attack

Bitcoin failed to recover after Iran's attack on Israel as the world's biggest cryptocurrency was trading around $64,000 on Monday.

The price of Bitcoin was trading around that level at 1759GMT, after plummeting almost 4.8% on Saturday, according to data from CoinMarketCap, a digital asset price-tracking website.

Bitcoin saw its price diving to as low as $60,725 on Saturday when Iran launched a barrage of drones and missiles at Israel in response to the April 1 attack on the Iranian Consulate in Damascus, Syria, in which at least 13 people were killed, including seven military advisers.

Since Bitcoin climbed to its all-time high level of $73,721 on March 14, it has lost 13.2% of its value and erased all of its gains since March 24.

However, Ethereum, the world's biggest altcoin by market cap, was up 1.4% to $3,113 at 1759GMT.

The value of the cryptocurrency market was up 0.88% to $2.33 trillion, while Bitcoin's share of the crypto market, known as dominance, was at 54.1% and Ethereum's dominance was at 16.1%. -