Israel Iran War Crashes Market 🔹🔹🔹
The escalating conflict between Israel and Iran has significantly impacted the cryptocurrency market highlighting its sensitivity to geopolitical tensions. After Israeli airstrikes on Iranian nuclear facilities, Bitcoin's price dropped below $103k contributing to billions of reduction in the overall crypto market capitalization.
Investors seeking safer assets in the uncertainty look towards traditional havens like gold. Gold prices increased but other currencies fall.
The conflict has also caused energy markets issues as Iran is a significant oil producer. Potential disruptions in oil supply will cause higher energy prices indirectly affecting crypto mining operations as well.
