#IsraelIranConflict
Geopolitical Shocks: The Israel-Iran Conflict Leads to a Sell-off in the Cryptocurrency Market**
**🔍 Breaking News (June 13):**
- Israel has launched airstrikes on Tehran, escalating tensions in the region.
- The Israeli Ministry of Defense has declared a state of emergency across the country.
**📉 Market Impact (Over Hours):**
- $BTC dropped sharply from $111,000 → $103,000
- $ETH fell by about 10%, leading to a sharp correction in alternative currencies
- Over a billion dollars in long positions were liquidated (most leveraged traders were affected)
- Capital was rapidly shifted to gold, the US dollar, and oil (traditional safe havens)