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The cryptocurrency market is bracing for a potential price plunge amid escalating tensions between Iran and Israel. Hereâs what you need to know:
đ Imminent Missile Threat: Political reporter Barak Ravid revealed alarming news on X (formerly Twitter), citing a senior White House official's warning: âThe United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.â This post quickly went viral, amassing 1.2 million views and sending shockwaves through the crypto community.
đ Market Decline Begins: Following this unsettling news, the crypto market is on the decline. Major cryptocurrencies are feeling the heat:
Bitcoin (BTC): -2.5%
Ethereum (ETH): -3.5%
Solana (SOL): -4.6%
Binance Coin (BNB): -3.2%
The majority of this drop came in response to the missile attack reports, sending traders into a frenzy.
đž Liquidations Skyrocket: In just a few hours, traders have liquidated a staggering $351.21 million worth of positions, with Binance seeing the largest single liquidation of $12.37 million on the BTC/USDT pair.
đŽ Bulls Take the Biggest Hit: Over the past four hours, bulls have faced the brunt of the downturn, liquidating $50 million in long positions, while bears saw just $3.15 million in liquidations.
As market volatility continues, stay vigilant and trade wisely! This is a crucial time for all crypto enthusiasts. đ§
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