$BTC A cannon sounded in the Middle East, and the cryptocurrency market instantly collapsed!
In the early hours of today, Israel suddenly launched airstrikes on Iranian nuclear facilities, causing global risk aversion sentiment to explode. Bitcoin plummeted by $2000 in 15 minutes, and Ethereum directly fell below the $2500 mark, with over $1 billion liquidated across the entire network in 24 hours — the most brutal was that a user on Binance suffered a single liquidation of $200 million, making this wave a 'collective cremation ground for leveraged players.'
Why does war affect the cryptocurrency market?
Geopolitical conflicts are like dropping a bomb into the market, causing funds to flee wildly towards gold and crude oil (gold prices surged to $3430, and oil prices skyrocketed by 6%). And what about the cryptocurrency market? It should clearly be 'digital gold,' but instead, it plunged along with U.S. stocks.
