#IsraelIranConflict #IsraelIranConflict Why did the cryptocurrency market crash today?
1. Geopolitical tensions sparked a wave of risk aversion
Israeli airstrikes on Iranian military targets led to a sharp decline - with Bitcoin's price dropping by more than 4%, from around $108,000 to about $103,500, as investors rushed towards traditional safe havens like gold.
Liquidations in the cryptocurrency market surged - nearly $335 million in just one hour after news of the strike.
2. Massive futures liquidations
The sudden volatility led to a series of sell-offs: traders holding long leveraged positions faced forced liquidations, exacerbating the decline.