On the morning of #以色列伊朗冲突 , a cannon sounded in the Middle East, and the cryptocurrency market instantly collapsed!
Early this morning, Israel suddenly launched airstrikes on Iranian nuclear facilities, triggering a global flight to safety. Bitcoin plummeted by $2000 in 15 minutes, Ethereum fell below the $2500 mark, and over $1 billion was liquidated across the network within 24 hours — the harshest was a user on Binance who single-handedly liquidated $200 million; this was simply a 'collective cremation ground for leveraged players'.
Why does war affect the cryptocurrency market?
Geopolitical conflicts are like dropping a bomb into the market, causing funds to flee wildly towards gold and oil (gold prices surged to $3430, and oil prices jumped by 6%). And the cryptocurrency market? It should clearly be the 'digital gold', but instead, it plunged alongside the U.S. stock market.
