Iran’s deputy foreign minister pushed back on Monday, saying Tehran had nothing to do with deliberately bringing down the American helicopter, suggesting what happened could have been an unintended consequence of heightened tensions in the region.
That denial, however, did not stop US President Donald Trump from ordering a military response — and crypto markets felt it almost immediately.
Bitcoin Slides Below $62,000Bitcoin was trading at $61,780 on Tuesday, June 8, down 3% on the day. The price had been holding above the $62,000 level before the US military action was announced.
Kazem Gharibabadi, Iran’s deputy foreign minister, said such incidents could happen amid the current climate of elevated tensions, but maintained that the helicopter’s downing was not a deliberate act by Tehran. His comments came as the conflict between the two countries continued to ripple outward, pulling asset prices down with it.
Bitcoin’s drop extends a period of sustained pressure for the world’s largest cryptocurrency, with no clear stabilization in sight as the geopolitical situation remains unresolved.
Featured image from Atlantic Council, chart from TradingView
