#IsraelIranConflict, **The impact of the Israeli-Iranian conflict on cryptocurrency markets** is represented by:
### 1. **Sharp decline in prices**:
- **Bitcoin** fell by **3.4%** to **$104,227**, and other major currencies declined such as:
- **Ethereum (ETH)**: -9.55% to $2,500.
- **Ripple (XRP)**: -5.36% to $2.12.
- **BNB**: -2.93% to $646.
- The decline is due to **investors fleeing** from high-risk assets (like cryptocurrencies) to safe havens like gold and the dollar.
### 2. **Rising volatility due to tensions**:
- The military escalation (such as Israeli airstrikes on Iran) has led to **increased volatility**, with $**1 billion** in long positions liquidated within 24 hours.
- Analysts warn of continued declines if the crisis is not contained, with expectations for Bitcoin to drop to **$101,000**.
### 3. **Key market driver**:
- **Geopolitical news** (such as conflict developments) has become the biggest driver of short-term price movements, surpassing fundamental technical factors.
- Cryptocurrencies are showing behavior similar to **stocks** in times of crisis, not as a "safe haven".
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### Summary:
The conflict is causing **immediate downward pressure** on cryptocurrencies due to:
1. **Capital flight** to safe havens.
2. **Inflation of volatility** and increased forced liquidations of positions.
3. **Market shift** to emotional reactions prioritizing geopolitical risks over technical analysis.
This impact is expected to continue as long as the escalation persists.
