$BTC The cryptocurrency market in general: when geopolitics affects your portfolio

Total market cap: $3.36 trillion (down 7%)

📉 Over the past twelve hours, the cryptocurrency market lost more than $190 billion - as if an entire country, like Greece, disappeared from the global economy overnight! The reason? Israel launched a missile attack on Iranian nuclear facilities, sparking panic in the markets.

What’s happening? 📈

📉 The value of Bitcoin dropped from $108,350 to $103,000 within hours - this is the classic panic selling amid geopolitical risks!

📉 The value of Ethereum fell by more than 9%, dropping from $2,760 to $2,470 - alternative currencies typically suffer more than major currencies.

📉 Over the past 24 hours, nearly 250,000 traders were liquidated for a total of $1 billion - it's like a tsunami swept away an army of optimists!

📉 More than 90% of the liquidated positions were long-term - this is a lesson that leverage in uncertain times can be deadly.

In summary: geopolitical shocks remind us that the cryptocurrency market is still susceptible to traditional risk factors. But as former hedge fund manager James Lavish says: "Smart investors will turn to assets that cannot be devalued. The smartest will buy Bitcoin!"

#crypto