Jakarta. Recent Iranian drone attacks on Israel have sparked a significant selloff in major cryptocurrencies, leading to sharp price declines.

Bitcoin's price plummeted to around $62,000 on Saturday evening, down from the previous level of $70,000, following confirmation of the attacks by US officials. Ethereum also experienced a loss of approximately 7 percent.

However, the cryptocurrency market witnessed a notable rebound, with Bitcoin trading above $65,000 the following day and Ethereum gaining around 12 percent.

Reports indicate that the temporary shock resulting from geopolitical tensions caused the biggest Bitcoin selloff in the past year.

This attack marks the first instance of Iran directly launching a military assault on Israel. It occurred following a suspected Israeli strike on an Iranian consular building in Syria, which resulted in the deaths of 12 individuals, including two senior Iranian generals from the Revolutionary Guard's elite Quds Force, as reported by AP.

Adrienne Watson, spokesperson for the US National Security Council, said in a Saturday statement that “Iran has begun an airborne attack against Israel.”

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