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War between Israel and Iran and its impact on the cryptocurrency market💰
The recent conflict between Israel and Iran has generated a wave of uncertainty in global markets, and the cryptocurrency sector has not been immune. Following Israeli attacks on Iranian infrastructures, the crypto market experienced a drop of 8%, with liquidations exceeding $1 billion. Bitcoin, for example, fell from $108,000 to $103,500, while altcoins like Solana and Cardano recorded losses of 5%.
The war has also driven up oil prices, which may impact global inflation and increase risk aversion among investors. Historically, Bitcoin is seen as a safe-haven asset in times of crisis, but extreme volatility can lead to mass sell-offs before a possible recovery.
The situation remains uncertain, and investors should monitor the developments of the conflict to better understand its effects on the crypto market. 🔍📉
#Cryptocurrencies #Bitcoin #Geopolitics #Israel #Iran #MercadoFinanceiro