#IsraelIranConflict

🧨 Geopolitics has collapsed the cryptocurrency market: Bitcoin and Ethereum are in the red

🔻 On June 12, Bitcoin fell by 3.6%, dropping to $103,970.

🔻 Ethereum lost 9.2%, trading at $2,503.

The reason is geopolitical instability. According to AP, Israel has struck Iranian military and nuclear facilities. A state of emergency has been declared in the country — retaliatory attacks are expected.

📉 Investors are leaving risky assets, including cryptocurrencies.

🛢 Against this backdrop, oil prices have surged:

• WTI — up to $71.94

• Brent — up to $73.16

The rise in energy prices traditionally leads to increased inflation expectations and a reevaluation of high-risk assets, including cryptocurrencies.

📌 Let us remind you that just three days ago, on June 9, Bitcoin reached a local maximum of $107,000. At that time, capital outflows from spot ETFs and the unstable situation in the U.S., including mass protests and riots, supported the price.