#IsraelIranConflict Israel launched a 'preemptive strike' against Iran and declared a state of emergency. The sharp escalation of the conflict provoked massive liquidations in the cryptocurrency market.

According to Coinglass, in the last 24 hours, the total amount of liquidations exceeded $1 billion. The capitalization of the cryptocurrency market fell by almost 5%. The escalation of the conflict between Israel and Iran led to sharp fluctuations in the financial markets. The quotes of leading stock indices — Dow Jones, S&P 500, and Nasdaq — dropped by an average of 1.5%. The capitalization of the cryptocurrency market fell by almost 4.5% to $166 trillion.