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Israel-Iran War Tensions Shake Crypto Markets, Bitcoin Takes a Hit

  • Escalating conflict between Israel and Iran led to sharp losses in digital assets like Bitcoin.
  • Israeli airstrikes targeted Iran's nuclear and ballistic missile facilities, triggering a downturn in the market.
  • Iran issued strong warnings of retaliation, raising fears of prolonged regional instability.
  • Bitcoin fell from $107,750 to around $105,000 amidst the geopolitical tensions.
  • Investors shifted to traditional safe havens like oil and gold, causing equity indices and cryptocurrencies to tumble.
  • BTC price at the time of writing: $104,940 with a 24h volume of $70.92B.
  • Market cap: $2.08T, showing increased volatility in the market.
  • Bitcoin's sensitivity to geopolitical shocks could keep crypto markets under pressure until a clearer resolution emerges.

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