Why is the crypto market down today?
Crypto market volatility rises in reaction to Israel’s attack on Iran, but the technical setup suggesting that the uptrend still remains intact.
Key points:
The total crypto market cap fell 4% to $3.24 trillion on June 13, in response to Israel’s attack on Iran.
Over $1.15 million in crypto futures liquidated, with $1 billion in longs.
The total crypto market cap‘s bull flag suggests the uptrend remains intact.
The combined valuation of all cryptocurrencies has fallen by more than 4% in the past 24 hours to reach $3.24 trillion on June 13 in reaction to Israel striking Iran.
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