š Crypto Markets Under Pressure Amid IsraelāIran Conflict
Widespread sell-off: Millions in long positions liquidated across $BTC , $ETH , and alts; the total drop exceeded 4ā10% as tensions escalated .
Bitcoin weakness: BTC slid below $103Kā$105K amid geopolitical jitters, confirming crypto's status as a risk asset rather than a safe haven .
Altcoin hit harder: ETH dropped ~7%, Solana plunged ~9%, XRP fell ~5% .
š§ Geopolitical Volatility & Market Context
Conflict backdrop: New Israeli strikes triggered market-wide fear; investors dumped risk amid fears of broader escalation .
Temporary rebound: By mid-week, markets slightly recovered (+1ā1.5%) alongside easing risk-off sentiment, though uncertainty remains .
Gold vs. Crypto: Gold surged ~1.1% as BTC fell ~2.7%, highlighting crypto is still seen more like tech stocks than safe havens .
š Key Takeaways
š£ Bleed in progress: Widespread liquidations show how quickly geopolitics can trigger volatility in crypto.
š Rebound possible: Historical patterns suggest BTC often rebounds after geopolitical shocks. A retest of $100K could attract bargain hunters .
ā ļø Still tethered to macro: Ongoing conflict, U.S. tariff news, and rate decisions will continue influencing sentiment .
