Bitcoin Plunges 4000 as Middle East Conflict Rattles Markets Gold Surges PreNFP Amid SafeHaven Demand

CryptoSlate reports:
On Friday, July 5th, the US Dollar Index fell to 105.14, bolstering expectations of a September rate cut by the Fed. Border conflicts in Israel sparked fires, destroying thousands of hectares of land in southern Lebanon. US forces destroyed Houthi unmanned surface vessels, prompting gold to maintain bullish momentum around $2356 ahead of the Non-Farm Payrolls (NFP) report. Bitcoin plummeted nearly $4000, briefly dipping below $57,000. Germany’s massive Bitcoin sell-off breached the 200-day moving average, worsening trader sentiment on long-term trends.