Israel inflicted a “preemptive blow” on Iran and announced a state of emergency. A sharp exacerbation of the conflict provoked mass liquidation in the cryptocurrency market.
According to Coinglass, over the past 24 hours, the total amount of liquidation has exceeded $ 1 billion. Crypticization of crypto -rope has decreased by almost 5%.
What happens on the crypto carpet after the Israeli attack on Iran
According to the media, the purpose of the impacts from Israel is nuclear objects and rocket capacities of Iran. As a result of the attack, high -ranking Iranian military and scientists were killed, who played a key role in the implementation of the country’s nuclear program.
Israel awaits a response. The country’s authorities introduced a state of emergency: schools are closed, mass meetings are prohibited, reservists are mobilized.
The escalation of the conflict between Israel and Iran led to sharp fluctuations in the financial markets. The quotes of leading exchange indices – Dow Jones, S&P 500 and NASDAQ – sank an average of 1.5%. The capitalization of the cryptocurrency market sank by almost 4.5% to $ 166 trillion.
Over the past day, all the largest cryptocurrencies in capitalization have fallen in price. The greatest losses were suffered by Ethereum (ETH), SOLANA (SOL) and Dogecoin (DOGE), whose quotes sank by 7.9%, 8.5% and 8.3%, respectively. The price of bitcoin (BTC) dropped by 2.6% to $ 104,723.
Bitcoin traders lost a total of $ 448 million, and Ethreum investors-$ 303 million. In total, over the past 24 hours, 247 thousand market participants for $ 1.15 billion were liquidated. The largest liquidation occurred on Binance-$ 201 million.
Only oil and gold won from the exacerbation of the conflict – the prices for them increased by more than 10%. Brent stamps have risen in price to $ 76.48 per barrel. The cost of gold rose to $ 3,426.
As a conflict of Israel and Iran will affect the cryptocurrency market: expert opinions
Iran is preparing for response, so the consequences will affect all markets. Due to general volatility, analysts are actively discussing what future Bitcoin awaits. Their opinions were divided.
The famous economist and critic BTC Peter Schiff said that the drop in the first capitalization price contrasts sharply with the dynamics of gold. According to him, “the bubble reached the peak” and will soon burst.
It is supported by other analysts who compare bitcoin with shares of technological companies. In moments of the crisis, investors withdraw money from risky assets.
However, Cryptoentho Anthony Pliano adheres to an optimistic position. He carried out parallels with the previous incident, when in April Iran launched 300 missiles on Israel.
This point of view is confirmed by BlackRock: after the initial shock, BTC usually gives a two -digit growth within 60 days. However, disagreements indicate the general uncertainty regarding the maturity of bitcoin as an asset, which by reliability can be compared with gold.
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Source: Cryptocurrency
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