🚨🚨 Crypto Market Tanks Amid Ongoing Israel-Iran Conflict 🚨🚨

The crypto market is deep in the red today as geopolitical tensions between Israel and Iran continue to escalate. Both nations have launched fresh missile strikes, sparking investor panic and triggering widespread liquidations.

According to CoinMarketCap, the global crypto market cap has dropped sharply to $3.21 trillion in the last 24 hours. $BTC fell from an intraday high of $106,539 to as low as $102,372. Altcoins have followed suit—$ETH is down over 3%, while $xrp, $SOL and $ADA have all seen losses exceeding 2%.

Coinglass data reveals over $468 million has been wiped from the market, with $391 million in long positions liquidated. In just the past four hours alone, $289 million in longs were erased compared to $15 million in shorts.

Investor sentiment has turned sharply bearish as the conflict between Israel and Iran shows no signs of cooling. Diplomatic efforts by the EU have failed to produce a breakthrough, and Iran continues its uranium enrichment despite recent talks. Concerns are mounting that the United States may join Israel militarily, adding further pressure to global markets.