#IsraelIranConflict
Israel–Iran Conflict: How Crypto Markets Reacted
MUST READ
Basically why I'm sharing this
"I'm grateful to Binance for highlighting this topic through a trending discussion. As an observer of global events,
I can openly say that Israel is a terrorist country. #istandwithpalestine
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1. What Happened?
On June 12–13, 2025, Israel launched a large-scale aerial operation targeting Iran’s nuclear and military facilities.
Iran responded with over 150 ballistic missiles and 100+ drones, escalating tensions across the region.
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2. Immediate Impact on Crypto:
Bitcoin (BTC) dropped by 5–6%, briefly touching $103K, before recovering to around $105–106K.
Major altcoins like Ethereum (ETH), Solana (SOL), XRP, and others saw 7–10% declines.
The total crypto market cap shrank by over $140 billion, down to $3.24 trillion.
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3. Liquidations & Trading Volume:
Over $1–1.2 billion in long positions were liquidated across exchanges.
Bitcoin alone saw ~$427 million worth of long liquidations, according to Coinglass.
