Bitcoin Tumbles as Israel Attack on Iran Sparks Risk Selloff
Dow Jones06-13
Bitcoin falls early in the Asian session as news of Israel's attack on Iran spooks markets. The cryptocurrency, seen as a proxy for risk, slid 3% to $103,802.
Israel launched a wide ranging attack on Iran's nuclear facilities, rattling markets and sending investors fleeing into less risky assets.
Safe havens such as the Swiss franc, yen, and gold have gotten a boost, and markets will stay focused on breaking developments throughout the day. Other altcoins such as Ethereum and Ripple were also lower, down around 6% and 4%, respectively.
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