top of page
  • Blockchain Timeline

Bitcoin recovers lost ground after weekend crash

Bitcoin fell 8.5% on Friday following news of an imminent attack from Iran towards Israel. The rumours became reality 24h later when Tehran launched an full on aerial attack involving 170 UAV drones and 150 missiles heading to military targets across Israel.

The news of the launch triggered a second liquidation event which saw Bitcoin dropping an addition 8.5% in 2 hours reaching $61,500. Ethereum fell 11.8% during the same period with large cap altcoins experiencing more than 15% drop in price.

Prices begun stabilising on Sunday following reports that Iran's aerial attack was unsuccessful. Bitcoin is up 8.3% since showing signs of recovery after the dramatic crash that saw close to $2 billion liquidations in 48 hours.


bottom of page