#IsraelIranConflict The Israel-Iran conflict has significantly impacted the cryptocurrency market, with over $1 billion in positions liquidated in less than 24 hours. Bitcoin dropped around 3%, while Ethereum plummeted over 9%. Other major cryptocurrencies like Solana, Dogecoin, and XRP also saw significant declines. The crisis highlights the vulnerability of the crypto market to global conflicts. Despite the downturn, some analysts believe the fundamentals of crypto remain strong, and dips caused by geopolitical conflicts can be great buying opportunities. Stablecoins became safe-haven assets amid the uncertainty. The conflict's impact on the crypto market is a reminder of its interconnectedness with broader macro events.¹ ²
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