Crypto Market Suffers Losses Amidst Israel-Iran Conflict

Following Israeli strikes targeting Iranian facilities, the crypto market experienced significant volatility, resulting in over $1.16 billion in liquidations within 24 hours. This event highlights the vulnerability of crypto assets to real-world geopolitical factors despite their decentralized nature. The conflict’s immediate impact on financial markets has been a stark reminder that global crises can significantly influence volatile asset classes like cryptocurrency.