#IsraelIranConflict

The impact of the conflict between Israel and Iran on the cryptocurrency market has been significant today, with the market losing around a billion dollars following Israel's attack on Iran. This attack led to a collective liquidation in the cryptocurrency market, with a substantial drop in the value of major cryptocurrencies ¹.

*Key impacts on cryptocurrencies:*

- *Decline in Bitcoin value*: The value of Bitcoin dropped by more than 4%, from $108,000 to $103,500.

- *Losses in altcoins*: Altcoins such as Pi Network and Solana experienced greater losses, with the value of Pi Network decreasing by 16% within an hour, and Solana's value dropping by 5%.

- *Market volatility*: Market volatility driven by geopolitical concerns, with analysts warning of rising oil prices and inflation if the conflict escalates.

*Impact of the conflict on the global economy:*

- *Rising oil prices*: The conflict is expected to lead to rising oil prices, which could affect the global economy.

- *Inflation*: The conflict is expected to increase inflation in the United States, which could impact the value of cryptocurrencies.