US-Iran Tension: Immediate Impact on Cryptos

What Happened

On Saturday (June 21), the US launched destructive airstrikes against three Iranian nuclear facilities (Fordow, Natanz, Isfahan), marking a significant escalation in the Middle East conflict.

Market Reaction:

Cryptocurrencies plummeted over the weekend:

ETH dropped about 7.4% in just a few hours, while BTC fell by ~1-1.5%.

The liquidation volume was significant, with about $700 million in long positions being forced to close — especially in ETH (~$296 million) and BTC (~$152 million).

Macro Context:

Risk aversion increased, driving up oil and gold, and the dollar strengthened — a typical 'flight to safety' scenario.

The tension scenario may extend, with a real risk of an expanded war, putting the crypto market on alert.