Here’s how the Iran–Israel war is affecting the crypto market on Binance
🔻 Immediate Market Reaction
• Initial sharp sell‑off
Bitcoin dropped nearly 7–9% in the hours following missile and drone attacks, falling from the mid‑$60K range to low‑$60K, dragging the total crypto market cap down by ~$260–$430 billion
Altcoins were hit even harder: Ethereum dropped ~7–13%, Solana ~8–22%, and BNB ~9–13%
• Mass liquidations
Over $1–1.5 billion in long positions were liquidated on platforms like Binance—a direct fallout of panic selling
