#IsraelIranConflict

The conflict between Israel and Iran is having an immediate and noticeable impact on the cryptocurrency market. Like traditional risk assets, cryptocurrencies, including Bitcoin and Ethereum, are experiencing significant declines amid heightened geopolitical tensions.

Investors, seeking to safeguard their funds, are mass migrating to "safe havens" such as gold and the US dollar, pulling capital out of more volatile assets. This leads to the liquidation of substantial volumes of long positions in the crypto market, intensifying downward pressure.

Although some view Bitcoin as "digital gold" and a refuge from inflation and instability, liquidity often becomes a priority during acute conflicts. Short-term volatility is likely to persist until the situation clarifies. However, historically, cryptocurrencies have shown resilience and recovered after such shocks.