Crypto Bloodbath: $713M Liquidated as War Tensions & CPI Data Shake the Market 🌍⚠️
The crypto market got rocked today 😵💫 as rising tensions between Israel and Iran spooked global investors. Reports of Israel bombing Iran’s nuclear site made many traders panic and rush to safer assets like gold—which jumped 5%! Meanwhile, riskier assets like Bitcoin $BTC , Ethereum $ETH , and Dogecoin $DOGE took a big hit. The overall crypto market lost 2.47% of its value, wiping out billions in just a few hours 💸🌪️.
At time of writing the article, Bitcoin dropped by over 4%, dragging its price below $104,000 after briefly hitting $110K earlier this week. Ethereum crashed by more than 6%, landing at $2,650. The crash was even worse for altcoins like Solana, XRP, and especially Dogecoin 🐶, which plunged nearly 7%, making it the biggest loser among the top 10 coins. In total, over $713 million in bullish bets (longs) were liquidated, including a massive $201M Bitcoin long on Binance 😬💥.
Adding fuel to the fire, the U.S. inflation report (CPI data) showed prices were cooling—but instead of celebrating, investors used the news to lock in profits, triggering a sell-off. With over $650 million worth of long positions wiped out in just 24 hours, the crypto market took a 5% hit overall. Now, with war fears and shaky investor confidence, traders are stepping back and reassessing their bullish bets 🤔📉. Buckle up—volatility isn’t going away anytime soon! 😮💨🔄
