The conflict between Israel and Iran is affecting the cryptocurrency market, including Bitcoin (BTC). The price of BTC has dropped due to increasing geopolitical tensions making investors more cautious and likely to sell riskier assets. According to the latest data, BTC has decreased by about 2.81% with a price of $104,528.01. Massive liquidations have also occurred in the derivatives and spot markets, reaching $1.148 billion. Investors are seeking safer instruments, such as the US dollar, and moving away from risk. This conflict has also impacted Ethereum (ETH) and other altcoins, with significant declines in recent days ¹ ².

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