Crypto Market Crashes: $335M Wiped Out in 60 Minutes After Israel Strikes Iran

The crypto market plummeted today, with $335 million liquidated in just 60 minutes after Israel launched airstrikes on Iran’s nuclear facilities. The sudden Middle East escalation triggered panic, with Bitcoin dropping 4% from $108,500 to $103,556 and altcoins like Pi Network crashing 16%. The market shed 8% of its value, losing $1 billion in market cap, per Coinglass.

Operation Rising Lion, Israel’s pre-emptive strike, hit Tehran’s nuclear sites, killing a senior Iranian commander. Iran vowed retaliation, spiking fears of wider conflict. Crypto’s sensitivity to geopolitical shocks, combined with leveraged positions unwinding, fueled the chaos. Analysts warn of more volatility as oil prices rise and markets brace for Iran’s response.

Stay tuned for updates!

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