Over $1 billion liquidated in the cryptocurrency crisis as tensions rise between Iran and Israel in the early hours of Friday. News of an Israeli attack on Iran triggered a sell-off in the cryptocurrency market. The price of Bitcoin fell by 5% to below $104,000. Altcoins lost between 6% and 9%. According to Coinglass, the liquidations resulted in a loss of over $1 billion, including long-term investments. Rising tensions shake global markets. Market analysts say the strike spurred demand for safe assets. S&P 500 futures fell by 1.9% as oil and gold prices surged significantly. West Texas Intermediate crude rose by more than 12% to $77 per barrel. The price of gold surpassed $3,400 per ounce as investors sought a safe haven. Former BitMEX CEO Arthur Hayes predicted volatility in the cryptocurrency market. He wrote after the incident: 'Prepare well, pessimists.' He added that the tariffs proposed by President Donald Trump heightened the risk. The price of Ethereum dropped by 8% to $2,505, a critical support level. Other cryptocurrencies also fell by 10% within hours. Reports indicate that gold and oil were unaffected by the decline. It is believed