Gold reaches new highs as #BTC falls — markets seek refuge amid the Israel-Iran conflict
The geopolitical crisis is redistributing capital flows
Tension in the Middle East has once again shifted the balance in global markets. Amid the escalation of the conflict between Israel and Iran, investors are fleeing from risky assets in droves, shifting to traditional safe-haven instruments.
Bitcoin has sharply declined, while gold continues to strengthen, reaching multi-year highs.
The cryptocurrency market has collapsed — Bitcoin loses 3%, Ethereum — 10%
A new wave of Israeli airstrikes on Iranian nuclear facilities triggered a wave of liquidations in the crypto market.
In the past day, Bitcoin has dropped by 3.3%, falling to $104,830. Ethereum decreased even more — by over 10%, dropping from $2700 to $2500.
The total liquidation volume over 24 hours exceeded $1 billion. Long positions were particularly hard hit — they were forcibly closed for more than $1.16 billion.
In contrast to cryptocurrencies, gold is showing a rally. Analysts are already identifying the nearest key resistance zones: $3420, $3402, $3380.
