Geopolitical tensions surged after reports that the U.S. and Israel launched strikes on Iran, sending shockwaves through global financial markets and crypto was no exception.
$BTC and $ETH both fell sharply in the immediate aftermath as investors shifted into risk-off mode, triggering a wave of liquidations across leveraged positions. The broader market followed suit, with $XRP , $BNB, $SOL and other major altcoins posting notable intraday losses.
Despite Bitcoin’s “digital gold” narrative, the price action once again reflected its correlation with high-risk assets during sudden geopolitical shocks. While volatility may persist in the short term, any signs of de-escalation could prompt a swift rebound across the crypto complex.