The outbreak of war between Israel and Iran has led to a state of panic and uncertainty in global markets, especially in the cryptocurrency market. With military tensions rising, many investors have turned to cryptocurrencies as a safe haven alternative to traditional assets, causing sharp fluctuations in the prices of Bitcoin and Ethereum. In contrast, some have lost confidence due to fears of internet outages or increased scrutiny on digital transfers. Some cryptocurrencies experienced a rapid rise, followed by a sudden drop due to panic selling. The war has raised questions about the ability of cryptocurrencies to withstand geopolitical crises, emphasizing that the market remains fragile and highly susceptible to global events.

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