#IsraelIranConflict

The escalating Israel-Iran conflict has significantly impacted the crypto market, triggering widespread liquidations. Over $1 billion in leveraged crypto positions, largely long positions, were wiped out in less than 24 hours following Israeli strikes. Bitcoin dipped below $103,000, while altcoins like Ethereum and Solana experienced even sharper declines. This "risk-off" sentiment drove investors towards traditional safe havens like gold. While some analysts suggest such dips could be buying opportunities long-term, the immediate effect highlights crypto's vulnerability to global geopolitical instability, often moving in tandem with other risk assets despite its decentralized nature.