#USIsraelStrikesIranBTCPlunges The sudden escalation in the Middle East has sent shockwaves through the global economy. Following joint US-Israeli strikes on Iran (codenamed "Operation Epic Fury"), the crypto market faced an immediate "risk-off" liquidation.
The Market Impact * Bitcoin (BTC): Plunged roughly 4% in under an hour, dropping below the critical $64,000 support level to lows near $63,030. * Liquidations: Over $128 billion in total crypto market value evaporated instantly as over $100 million in long positions were wiped out. * Altcoins: Ethereum (ETH) and Solana (SOL) saw even steeper declines, dropping between 5% and 10%. While Gold and Oil surged on supply fears, BTC acted as a high-beta risk asset rather than a "safe haven." Investors are now bracing for Iran's "crushing response," which could push Bitcoin toward the $60,000 psychological floor.$BTC $GT $ETH
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#USIsraelStrikesIranBTCPlunges The sudden escalation in the Middle East has sent shockwaves through the global economy. Following joint US-Israeli strikes on Iran (codenamed "Operation Epic Fury"), the crypto market faced an immediate "risk-off" liquidation.
The Market Impact
* Bitcoin (BTC): Plunged roughly 4% in under an hour, dropping below the critical $64,000 support level to lows near $63,030.
* Liquidations: Over $128 billion in total crypto market value evaporated instantly as over $100 million in long positions were wiped out.
* Altcoins: Ethereum (ETH) and Solana (SOL) saw even steeper declines, dropping between 5% and 10%.
While Gold and Oil surged on supply fears, BTC acted as a high-beta risk asset rather than a "safe haven." Investors are now bracing for Iran's "crushing response," which could push Bitcoin toward the $60,000 psychological floor.$BTC $GT $ETH