$BTC

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

*Key impacts on cryptocurrencies:*

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

- *Altcoin losses*: Altcoins like Pi Network and Solana experienced greater losses, with the value of Pi Network dropping by 16% within an hour, and the value of Solana decreasing by 5%.

- *Market volatility*: Market volatility is 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 ¹.$BTC