$BTC

The impact of the conflict between Israel and Iran on the cryptocurrency market was significant today, as the market lost approximately one billion dollars following Israel's attack on Iran. This attack led to a massive sell-off in the cryptocurrency market, with a significant drop in the value of major cryptocurrencies ¹.

*Key impacts on cryptocurrencies:*

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

- *Alternative coin losses*: Alternative coins like Pi Network and Solana experienced larger losses, with the value of Pi Network decreasing by 16% within an hour, and the value of Solana dropping by 5%.

- *Market volatility*: Market volatility is driven by geopolitical fears, 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$BTC