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The US and Israel have just launched a major preemptive strike against Iran, targeting nuclear, missile, and military facilities. Trump posted a video confirming US participation, calling it "massive and ongoing." Israel claims it did this to eliminate the nuclear threat from Iran. Iran has vowed strong retaliation, with large explosions and thick smoke billowing from Tehran. Global risk-offs are at their maximum: oil prices are soaring, gold is rising, and stock markets are poised for a sharp decline.
The impact on crypto is truly devastating:
• BTC dumped sharply from around $65.5k to a low of $63k-$63.7k (down 3-7% in just a few hours).
• Total market cap plummeted $70-75 billion, with liquidations exceeding $100-$500 million (mostly long positions).
• ETH also fell to around $1,835-$1,850, and altcoins are experiencing a massive bloodbath.
Reason: This type of geopolitics shock scares people, causing them to flee risky assets (crypto, stocks) to safe havens (gold, oil, Treasury). Crypto trading is 24/7, so the first and strongest reaction is like a "panic valve."
Looking at history, previous war dips (2024-2025) usually rebounded quickly (BTC once dipd and then reached its all-time high), but this time the market is undergoing a long bear correction from the 126k peak, with maximum fear sentiment and high leverage → making a deeper dump easier and rebounding slower.
