The conflict between Israel and Iran affects the cryptocurrency market, including Bitcoin (BTC). BTC price has dropped due to increased geopolitical tensions making investors more cautious and likely to sell riskier assets. According to the latest data, BTC is down approximately 2.81% at a price of $104,528.01. Massive liquidations have also occurred in the derivatives and spot markets, reaching $1.148 billion. Investors are seeking safer instruments, such as the US dollar, and moving away from risk. This conflict is also impacting Ethereum (ETH) and other altcoins, with significant declines in recent days ¹ ².
