#IsraelIranConflict Shockwaves: Israel and Iran #Israeli_Iranian_Conflict

**The conflict sparks a sell-off in the cryptocurrency market

**: Breaking News (June 13)**

Israel launched airstrikes on Tehran, escalating regional tensions

The Israeli Ministry of Defense declared a nationwide state of emergency

**: Market Impact (within hours)**

Dropped sharply from $111,000 to $103,000 - Bitcoin

Fell by nearly 10%, prompting alternative currencies to experience a sharp correction in Ethereum's price

Over $1 billion in long positions were liquidated (leveraged traders are the most affected)

Capital quickly shifted to gold, the US dollar, and oil

(Traditional safe havens)

**: Why the cryptocurrency reaction was so violent

**:

**The domino effect of risk aversion** 1

Geopolitical instability: investors flee from risky assets (cryptocurrencies first)

**Rising oil prices and inflation fears** 2

Brent crude > $90 per barrel, markets betting on a delay in interest rate cuts by the Federal Reserve

**Technical Analysis** 3

The loss of support at $108,000 led to sell-offs