๐ Geopolitical Shocks Hit Bitcoin, Then Boost It Back Up!
Bitcoin, the giant of the crypto world, briefly dipped below the $100,000 mark ๐ฅ amid intense global tensions.
๐ช The chaos began when Iran launched a missile strike on a US military base in Qatar, sending shockwaves across global markets โ including crypto. BTC and major altcoins fell sharply despite earlier signs of recovery during the day.
๐ข But things took a turn...
Iran had notified both the US and Qatar in advance, and thankfully, there were no casualties reported. This calmed nerves quickly.
๐บ๐ธ Then came a market-moving announcement: US President Donald Trump stated that Iranโs nuclear facilities had been destroyed, calling Iranโs retaliation โweak,โ and even thanked Iran for the warning. His closing words โ โnow is the time for peaceโ โ helped ease Middle East tensions, at least for now.
๐ As the situation cooled down, Bitcoin rebounded, climbing back to around $104,000. Altcoins followed the momentum:
๐ฅ Ethereum (ETH) surged close to $2,400
๐ Solana (SOL) led the pack with an impressive 10% daily gain
๐ฃ But the wild ride wasnโt without cost โ over $389 million in crypto positions were liquidated in the past 24 hours!
The majority? Around $281 million were shorts getting wiped out.
๐ A surprising stat:
For the first time in a while, Ethereumโs liquidations ($122M) slightly surpassed Bitcoinโs ($121M), showing how active and volatile ETH trading was during the chaos.
โ ๏ธ In times like this, volatility rules the market. Stay alert, stay informed! ๐๐ฒ #bitcoin #ETH