Ethereum has directly fallen below the $2500 mark, with over $1 billion liquidated across the network in 24 hours—what's worse is that a user on Binance had a single liquidation of $200 million, making this wave a "collective funeral for leveraged players".
Why is the cryptocurrency market suffering from the conflict?
Geopolitical conflicts are like dropping a bomb on the market, causing funds to flee wildly towards gold and oil (gold prices surged to $3430, and oil prices jumped by 6%). And what about the cryptocurrency market? It clearly should be the "digital gold", yet it plummeted along with the U.S. stock market.
