#IsraelIranConflict

📰 Latest on Iran–Israel Conflict & Crypto Impact

1. Escalation in Middle East Hostilities

On June 13, Israel launched large-scale strikes targeting Iran’s nuclear and military infrastructure, killing senior IRGC commanders and scientists In retaliation, Iran fired over 100 drones and ballistic missiles toward Israel; most were intercepted, though some caused injuries and structural damage in Tel Aviv and surrounding areas Civilian events like Tel Aviv’s Pride parade were canceled; U.S. regional embassies began evacuations. Market volatility in oil, currencies, gold, bonds, and crypto ensued .

2. Crypto Market Drop & Risk-Off Shift

Bitcoin plunged from over $105K to around $103K, wiping out roughly $140 billionin total crypto market cap as investors exited risk assets Other major coins—Ether, XRP, Solana—also took heavy losses, with declines up to ~9%, triggering more than $1 billion in liquidations, predominantly long positions This selloff highlights crypto's behavior as a risk asset, not a safehaven—during crises, gold (+1–2%), USD, and government bonds saw inflows, while crypto suffered 3. Is 'Digital Gold' Myth Debunked?

Technical analysts note that BTC quickly rebounded after testing support near $102.5K, similar to a pattern seen in October 2024—preceding an ~80% rally Some suggest a bounce back toward $110K+ could emerge if geopolitical pressures ease and broader markets stabilize .

📌 Summary & What to Watch

Current State: Crypto markets are down significantly—Bitcoin ~2–4% lower—and suffering heavy liquidations amid the Israel–Iran flare‑up. Investor Behavior: Funds are flowing into traditional safe havens—gold, USD, government bonds—while crypto remains vulnerable. Upside Scenario: If BTC holds key supports (~$102K–$105K) and geopolitical tension cools, a technical bounce to $110K+ is plausible.

Caution Ahead: If conflict escalates further, expect ongoing volatility, more liquidations, and downward pressure on crypto.