Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis

The price of Bitcoin briefly went under $60,000 for the second time this week after reports of explosions at an airport in central Iran.

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Bitcoin's (BTC) price has dropped below its critical $60,000 support level once more, falling 5.44% in just two-hours, amid geopolitical tensions escalating in the Middle East.

On April 19, Bitcoin's price briefly slumped down to $59,698 before quickly recovering to $61,352. It's a crucial breakdown to note, given that if its price slumps down to $59,000 then approximately $243 million in long positions will be liquidated, as per CoinGlass data

This comes amid Iranian state media reporting that explosions had been heard at Isfahan airport in central Iran, as per a recent ABC News report.

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