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$1.15 Billion Liquidated as Crypto Markets React to Israel-Iran Conflict
- Israel launched airstrikes targeting key Iranian military sites, escalating tensions in the region.
- The attack resulted in the killing of Iran’s Islamic Revolutionary Guard Corps’ commander-in-chief, Gen. Hossein Salami, and other top military leaders.
- The assault focused on disrupting the Iranian nuclear program and long-range missile capabilities.
- According to a military source, the attacks are set to continue in the coming days.
- The military conflict has sent shockwaves through various sectors, including the cryptocurrency market.
- The crypto market saw a significant drop with $203.7 billion leaving within hours.
- The total cryptocurrency market capitalization has decreased to $3.19 trillion, the lowest in ten days.
- Bitcoin's value dropped from $109k to $104,067 during the conflict.
- Altcoins like Ethereum and Solana also experienced near double-digit losses.
- Over 247,000 traders were liquidated in the past 24 hours, resulting in a loss of $1.15 billion in leveraged positions.
- A whale trader on Binance was liquidated for $201 million in a leveraged Bitcoin position.
- The military conflict's impact on financial markets worldwide has led investors to seek safer assets amidst uncertainty.
- Traders are closely monitoring the situation for Iran's response and potential global intervention, contributing to ongoing market volatility.
- The news article qualifies for web story generation due to its timeliness, relevance, and impact on multiple sectors.
- The article can be crafted into an engaging web story highlighting the conflict's effects on the cryptocurrency market and global financial landscape.
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