Bitcoin, Altcoins Plunge as Trump's Threat to Assassinate Iran Leader Escalates Middle East Tensions

Bitcoin, Ethereum, and other coins are down after President Trump threatens to have Iran's leader assassinated.

Bitcoin was down by nearly 4% over the past 24 hours as President Donald Trump suggested in a social media post that the U.S. might assassinate Iran's supreme leader, escalating already inflamed tensions in the Middle East.

The largest cryptocurrency by market capitalization was recently trading at about $103,630, its lowest level in five days, according to market data provider CoinGecko, though it has ticked back up above $104,000 as of this writing. BTC started edging down last Thursday as Iran and Israel began exchanging missile attacks.

Ethereum was recently changing hands at about $2,470, down nearly 6.5% over the past 24 hours. Smart contract platforms Solana and Cardano were both off about 7%, while the leading meme coin Dogecoin had dropped 6.7%.

Editor's note: This story will be updated with additional details.

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