Shares of Coinbase and leading <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> like <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital fell by 8% and 9%, respectively, following the escalation of conflict in the Middle East. Reports of an Iranian missile attack on Israel have raised concerns in global markets.
<a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Bitcoin's price</a> dropped by 1.5% to $62,000, while Ether lost 3%, falling to $2,500. Investors fear further market destabilization, which could negatively impact the cryptocurrency sector.
Experts note that escalation of the conflict may lead to capital outflow from risky assets, including cryptocurrencies. They advise closely monitoring the situation and being prepared for potential price fluctuations.

Coinbase and Mining Stocks Decline Amid Escalating Middle East Conflict

Ultramining_Eng

Other articles published on Oct 1, 2024

Render Coin and Reef Coin: Market Price Analysis as Bitgert’s Major News Approaches

Ripple receives in-principle approval from UAE Financial Center

Shiba Inu Wallet Linked to Binance Burns 1.88 Billion SHIB

AI Crypto’s Top Performers: NEAR, RENDER, FIL, LPT, TAO

Gemini to shut down Canadian accounts, users given 90-day ultimatum to withdraw funds

Iran Fires Missiles and Influences Crypto Market Dynamics

Join our free newsletter for daily crypto updates!