🌍 Crypto Market Tumbles as Israel‑Iran Tensions Escalate

A sudden geopolitical escalation—Israel launching airstrikes on Iran’s nuclear and military sites—triggered a sharp risk-off reaction across global markets, hitting cryptocurrencies especially hard.

📉 Crypto Impact at a Glance:

Bitcoin slid ~2.7% in 24‑hour trading, dropping to about $104K—briefly testing $103K before a modest recovery.

Ether, $XRP , and $SOL

all plunged between 7–9%, underlining crypto’s current risk-asset profile.

The total crypto market cap shrank by over $100 billion amid elevated volatility.

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🛡️ Safe-Haven Shift:

Gold and U.S. Treasuries rallied as investors fled to traditional refuges. Gold rose ~1.1–1.5%.

Oil surged amidst fears of supply disruptions—Brent fueled gains above $75/barrel.

Major currencies like the yen and Swiss franc strengthened, while stocks and risk-linked assets retreated.

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🔍 What This Means for Crypto:

🧭 Not a safe haven: Today's sell-off highlights how crypto behaves more like tech stocks in crises—not digital gold.

🔄 Volatility is back: Expect ongoing churn as the Middle East developments unfold.

📌 Watch key levels: BTC support around $103K–$104K is critical—next stops could be $100K if tensions persist.

#BTCPrediction #IsraelIranConflict

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