#IsraelIranConflict aelIranConflict The crypto market wakes up in red, and the reason is clear

The escalation of tensions between Israel and Iran has triggered a wave of risk aversion globally. As traders, we know that geopolitical events are a key factor that can abruptly move the market.

What has happened?

Israel has launched airstrikes against Iran, and the response has been swift. This increase in conflict has caused investors to flee from "risk" assets like cryptocurrencies and seek refuge in more traditional assets like the dollar and gold. Bitcoin (BTC) and major altcoins have felt the impact with significant drops.