The Israel-Iran conflict has caused significant volatility in the cryptocurrency markets:
Short-term dips: #bitcoin n dropped below $103k, along with Ethereum and other altcoins, as tensions rose.
Market instability: The broader crypto market saw a $230 billion loss in market cap, and many leveraged positions were liquidated.
Safe-haven shifts: Investors shifted towards traditional assets like gold and the U.S. dollar, putting pressure on riskier assets like crypto.
Cyber warfare: Israeli-linked hackers targeted Iran's crypto exchanges, further destabilizing the market.
Despite these effects, Bitcoin and crypto have shown resilience, with institutional interest continuing and recovery expected once tensions ease.
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