At $BTC , a cannon sounded in the Middle East, and the cryptocurrency market instantly collapsed!
Early this morning, Israel suddenly launched an airstrike on Iran's nuclear facilities, causing global risk aversion to explode. Bitcoin plummeted by $2000 in 15 minutes, Ethereum directly fell below the $2500 mark, and over $1 billion was liquidated across the network in 24 hours—most shocking was that a user on Binance had a single liquidation of $200 million; this wave was simply a 'collective crematorium for leveraged players'.
Why does war affect the cryptocurrency market?
Geopolitical conflicts are like throwing a bomb into the market, causing funds to madly flee towards gold and oil (gold prices surged to $3430, oil prices skyrocketed by 6%). And what about the cryptocurrency market? It was supposed to be 'digital gold', but instead, it plummeted along with the US stock market.
