$BTC Cryptocurrencies, especially Bitcoin and Ethereum, are known for their volatility and respond quickly to global events. The escalation of the conflict between Israel and Iran has led to a sharp decline in cryptocurrency prices as investors react to uncertainty and potential economic shocks. For example, after recent strikes by Israel on Iran, Bitcoin fell sharply from $109,000 to $103,000, and Ethereum from $2,800 to $2,450. If the conflict escalates into a larger regional war, it could have long-term negative consequences for the global economy, including disruptions in supply chains, rising energy prices, and a slowdown in global economic growth.