$BTC Recently, the conflict escalated to direct strikes. Israel struck nuclear facilities and military bases in Iran, and Iran retaliated with missile attacks on Israel.

How the conflict will affect the cryptocurrency market:

The conflict between Israel and Iran has already had, and is likely to continue to have, a significant impact on the cryptocurrency market. Here are the main aspects:

Cryptocurrencies, especially Bitcoin and Ethereum, are known for their volatility and quickly respond to global events. The escalation of the conflict between Israel and Iran has led to a sharp decline in cryptocurrency prices as investors react to uncertainty and potential economic shocks. For example, following recent Israeli strikes on Iran, Bitcoin sharply dropped from $109,000 to $103,000, and Ethereum from $2,800 to $2,450. If the conflict escalates into a larger regional war, it could have long-term negative consequences for the global economy, including disruptions in supply chains, rising energy prices, and slowing global economic growth. This, in turn, would negatively affect all risk assets, including cryptocurrencies.