Bitcoin Plunges Amid Escalating Middle East Conflict

Global financial markets experienced a sharp downturn as Israel confirmed its involvement in strikes on Iran, triggering a rapid selloff across major digital asset exchanges worldwide.

The sudden escalation of the Middle East conflict led to a significant decline in Bitcoin prices, which plummeted nearly 4% from $65,500 to $63,000 within minutes. The development prompted a sharp increase in volatility across crypto platforms as investors monitored updates from Israel and the United States.

According to exchange data, over $100 million in long positions were liquidated within 15 minutes of the initial decline, further amplifying downward pressure on the market. This led to a massive erosion of value, with more than $75 billion being erased from the total crypto market value within one hour.