After Iran's first attack on the Israeli mainland in history, the Iranian military recently said that the military operation has ended and the armed forces are on alert. Separately, the Israeli military said the attack caused "minor damage" to only one Israeli military base and that most of the missiles fired by Iran were intercepted.
And Biden told Israeli Prime Minister Benjamin Netanyahu in a phone call today that the United States will not support Israel's counterattack.
As a result, Bitcoin rebounded slightly after plunging overnight, and Middle Eastern stock markets narrowed their losses after opening slightly lower.
Middle Eastern stock markets narrowed losses after opening slightly lower
Saudi Arabia's TASI index fell nearly 2% at the beginning of the session, and the decline narrowed to 0.95% as of press time.
Israel's stock index rose as much as 0.7% in early trading before showing a volatile trend. As of press time, the Israeli stock index rebounded slightly after a decline, after the Israeli stock exchange did not expect a huge redemption.
Bitcoin rebounded after a crash
As of press time, Bitcoin is up 0.36% on the day. Cryptocurrencies plunged overnight, with Bitcoin plunging more than $6,000 and plunging 8% in the day.
Bitcoin plunged 8% in 24 hours overnight, the biggest drop since March 2023. Bitcoin's sharp drop dragged down cryptocurrencies, with Ethereum falling more than 11%, Dogecoin falling more than 22%, and SOL falling more than 23%.
"Whether the crypto sell-off continues or not may depend on further escalation of the situation," said Zaheer Ebtikar, founder of the crypto fund Split Capital. ”
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