๐Ÿšจ Crypto Market Facing Major Drop! Here's Why ๐Ÿšจ

It looks like the cryptocurrency market is headed for a sharp decline, possibly crashing soon, due to rising tensions between Iran and Israel. ๐ŸŒ๐Ÿ’ฅ

๐Ÿ“ข Political journalist Barak Ravid shared on X (formerly Twitter) during the opening of the US stock market that Iran is preparing to launch a ballistic missile attack on Israel.

๐Ÿ”ฅ Tensions Heating Up Between Iran and Israel** ๐Ÿ”ฅ

Barak revealed, "A Senior White House official told me: โ€˜The U.S. has intel suggesting Iran is preparing to imminently launch a attack on Israel.โ€™"

This post quickly went viral, capturing the attention of the crypto world and racking up over 1.2 million views in just a few hours. ๐Ÿš€๐ŸŒ

๐Ÿ“‰ Crypto Market Reaction: Decline Begins ๐Ÿ“‰

As of now, the overall crypto market is in decline. Major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have seen drops of 4.5%, 6.5%, 4.6%, and 5.2% in the last 24 hours. ๐Ÿ“Š๐Ÿ”ป

Most of this dip followed the breaking news of the potential missile strike.

๐Ÿ’ธ Traders Face Massive Liquidations: $351.21 Million Wiped Out ๐Ÿ’ธ

Following the news, traders have liquidated a whopping $351.21 million, per data from on-chain analytics platform Coinglass.

The largest liquidation took place on Binance, involving a BTC/USDT pair worth $12.37 million. ๐Ÿ’ฅ๐Ÿช™

In the past four hours alone, bulls have faced the hardest hit, with $50 million worth of long positions liquidated, while bears saw $3.15 million wiped out. ๐Ÿ“‰๐Ÿ‚ vs ๐Ÿป$BNB

$BTC

$ETH

#BTCUptober #BTCReboundsAfterFOMC #moonbix #CATIonBinance