#IsraelIranConflict Major cryptocurrencies took a hit following the recent escalation between Israel and Iran, with #Bitcoin sliding roughly 4–6% (dropping from around $108K to lows near $103K), #Ethereum down 7–8%, #Solana plunging nearly 9%, XRP about 5%, and more than $1 billion in leveraged positions liquidated . The total crypto market cap shrank by over $200 billion, from roughly $3.47 trillion to between $3.22–3.27 trillion . This sell-off mirrors the drop in broader risk assets—U.S. stocks faltered and oil surged—while traditional safe-havens like gold and the dollar rallied . Notably, though, some technical analysts point to a bounce from Bitcoin's 50‑day moving average as a potentially bullish signal—hinting the decline might be a short-lived “liquidity grab” rather than a sustained downturn.