#ETH The current situation is unclear, as there's no recent information confirming US strikes on Iran nuclear sites. However, historical data shows that geopolitical tensions between Iran and Israel can significantly impact cryptocurrency markets.

In April 2024, Iran's attack on Israel led to a substantial downturn in the cryptocurrency market. Here's how some major cryptocurrencies were affected ¹:

Bitcoin (BTC): Dropped by nearly 10%, falling from around $68,000 to $60,800 before rebounding to $64,400.

Ethereum (ETH): Fell from around $3,200 to $2,800 before recovering to $3,000.

Other assets:

BNB: Declined by 5%

Solana: Declined by 8%

Dogecoin: Declined by 10%

The sell-off resulted in approximately $962.40 million in liquidations, predominantly from bullish position holders who suffered losses of $771.76 million.

Current prices show ² ³:

Ethereum (ETH): $2,265.98, down 6.71% with a market cap of $304.16 billion.

Bitcoin (BTC): $102,357.97, down 1.10% with a market cap of $2.08 trillion.

The crypto market's vulnerability to geopolitical shocks is evident, but some analysts believe this presents an opportunity to buy the dip, citing historical profitability in such scenarios during major conflicts ¹.