$BTC

The escalation of the conflict between Iran and Israel has caused shockwaves in global markets, and cryptocurrency is no exception. When Israel struck Iranian nuclear facilities and Iran responded, Bitcoin fell by 4.5% to $104,343, while Ethereum dropped by 8.2% to $2,552, and the overall cryptocurrency market lost over $420 billion in capitalization. Investors, spooked by uncertainty, are fleeing to safe assets like gold and the US dollar, leaving volatile assets like altcoins vulnerable.