US-Israel Joint Operation Triggers $100M Crypto Market Sell-Off

A joint operation between the US and Israel against Iran's presidential headquarters has sent shockwaves through the crypto markets, resulting in a significant downturn. According to market data, over $100 million in long positions were liquidated within 15 minutes of the news breaking.

Bitcoin (BTC) was one of the hardest-hit assets, dropping below $64,000 as traders rushed to cut their exposure. Ethereum (ETH) also took a hit, falling by over 5% to under $1,900. The broader crypto market cap lost around 6% in early trading.

The joint operation, which reportedly involved the US and Israel, sent shockwaves far beyond the Middle East, reigniting geopolitical risk and uncertainty. This pattern is not new; previous events have seen crypto prices decline alongside global economic uncertainty.