A bearish attack, Bitcoin plummeted over $6000 to $61065 in the early morning of April 14th, and now rebounds to $63700, falling more than 5% for the day.
Ethereum lost $3000 per coin for the first time since February this year, with a significant drop of nearly 15% within the day.
According to CoinGlass data, in the past 24 hours, a total of 257508 people have been liquidated in virtual currencies across the entire network, with a total liquidated amount of 967 million US dollars (approximately 7.027 billion yuan). The largest single liquidation occurred at Binance BTCUSDT with a value of 8.4613 million US dollars.
Iran launches a large-scale attack on Israel
According to CCTV News, on April 14th local time, the Iranian Permanent Mission to the United Nations stated on social media that Iran's attack on Israel can be considered "over". The Permanent Mission of Iran to the United Nations stated that the Iranian military operation was initiated in accordance with Article 51 of the United Nations Charter regarding legitimate defense. If Israel makes another "mistake", Iran's response will be even more severe. The delegation also warned the United States not to get involved in the conflict.
According to the latest news obtained by the CCTV reporter, Iran's national television reported that about half of the missiles launched by Iran towards Israel have successfully hit their targets. At present, Iranian media is extensively reprinting videos of Iranian ballistic missiles hitting Israeli territory, and many people are holding rallies across the country to express support for Iran's retaliation against Israel.
The Islamic Revolutionary Guard of Iran has recently issued a second statement, outlining two important strategic policies of Iran: firstly, warning the US government that any support or involvement that harms Iran's interests will lead to a decisive response from the Iranian armed forces. If Israel is not contained in the region, the US must bear the consequences; Secondly, while emphasizing its policy of good neighborliness and friendship with neighboring and regional countries, Iran has stated that if the United States and Israel threaten Iran through any country, Iran will also respond accordingly to these countries. Based on this observation, Iran's military action is aimed at forming a "strategic deterrence" against Israel, and has repeatedly warned the United States and regional countries not to let the situation spiral out of control.
According to Xinhua News Agency, the Iranian Islamic Revolutionary Guard issued a statement early on the 14th local time, announcing the launch of dozens of missiles and drones towards Israeli targets.
The Islamic Republic of Iran News Agency quoted it as stating that the Islamic Revolutionary Guard Aerospace Force has launched dozens of missiles and drones towards Israeli targets in the occupied Palestinian territory. The attack was a numerous crime committed against Israel, including a missile attack on the consulate building of the Iranian Embassy in Syria on April 1st, resulting in the deaths of several Iranian commanders and military advisors in Syria.
The Dutch Ministry of Foreign Affairs issued a statement on the 13th, stating that due to the escalating tension between Iran and Israel, the Dutch Embassy in Iran and Consulate General in Erbil, Iraq are temporarily closed to the public this Sunday. The statement stated that this decision was made as a precautionary measure and will be decided on this Sunday whether to open consular services in the future. The statement explains that all diplomatic missions of the Netherlands in the region are traditionally closed to the public on Saturdays. The embassies and consulates in Tehran, the capital of Iran, and Erbil, Iraq are usually open to the public on Sundays, as Sunday is the first day of the country work week in the region.
On the same day, Royal Dutch Airways issued a statement stating that it will immediately cease flights to Iran and other parts of Israel, except for flights to Tel Aviv, Israel. This is a preventive measure as there are indications that Iran is about to launch an attack on Israeli targets. The statement stated that the safety assessment indicates that the route to Tel Aviv is still safe, but the airline will continue to assess the latest local situation.
The risks of Bitcoin cannot be ignored
According to Economic Daily, since the launch of Bitcoin, prices have been fluctuating, with skyrocketing and plummeting being almost the norm. The multiple risks faced by the market cannot be ignored. "Risk is an inherent attribute of financial activities, and the cryptocurrency industry is no exception. Currently, the cryptocurrency market still faces potential bearish factors such as increased macroeconomic uncertainty, the existence of industry 'black swans', and unclear regulatory policies." said Zhao Wei, senior researcher at OKX Research Institute, a digital asset trading platform.
"As an emerging digital asset, the price fluctuation of Bitcoin is influenced by various factors, including market sentiment, macroeconomic environment, technological innovation, regulatory policies, etc." Yu Jianing, Co Chairman of the Blockchain Committee of the China Communications Industry Association and Honorary Chairman of the Hong Kong Blockchain Association, analyzed that the regulatory attitudes and policies of various countries towards cryptocurrencies are constantly evolving, and any new regulatory measures may have a significant impact on the price of Bitcoin. Meanwhile, changes in the global macroeconomic environment, such as interest rate changes, inflation rates, and international trade relations, may also affect the value of Bitcoin and other cryptocurrencies. In addition, current cryptocurrency trading platforms and wallets still face risks such as hacker attacks and security vulnerabilities.
In the long run, the ultimate way out for the digital asset industry, including cryptocurrencies, is still to serve the real economy, help traditional industries transform and upgrade, and improve quality and efficiency. "In the past few years, many mainstream digital assets have achieved great success because of their innovation in digital technology and industrial applications, which has effectively changed the pain points of the physical industry." Yu Jianing said, therefore, the future development trend of the digital asset industry should be driven by digital technology innovation, manifested by business model innovation, and fundamentally expanded by application scenarios.
According to a report from Beijing Business Daily, Yu Jianing previously pointed out that as a highly volatile asset, the price of Bitcoin may experience drastic fluctuations in the short term, which largely depends on market sentiment, macroeconomic environment, regulatory policies, and other factors.
Yu Jianing also reminds that the fluctuation of Bitcoin prices is an essential attribute of Bitcoin, and any investment decision should be based on sufficient market research and individual risk tolerance. Understanding the position of Bitcoin in digital assets and the underlying logic of the relationship between digital assets and the digital economy is of great significance for investment decision-making and market analysis.