Geopolitical tensions between Israel and Iran triggered widespread market uncertainty, causing a significant decline in the cryptocurrency sector. Following Israeli strikes against Iranian targets, digital assets experienced substantial losses, wiping out $230 billion in market value, as investors sought safe havens amidst heightened volatility. While Bitcoin, despite experiencing a notable drop, still maintained its upward trajectory, other prominent cryptocurrencies like Ethereum and Solana faced significant pressure. Derivatives markets saw increased liquidation activity as traders reacted to the volatile situation, prompting investors to seek stability through stablecoins. Raoul Pal, CEO of Real Vision, expressed confidence in Bitcoin’s resilience during challenging times, highlighting the cryptocurrency market’s capacity to withstand such shocks.