[Black swan on the eve of halving? Promised digital gold? Bitcoin plummeted after Iran attacked Israel, and 250,000 people were liquidated with nearly $1 billion]

In the early morning of April 14, local time, Iran launched a large-scale attack on Israel, and the situation in the Middle East suddenly escalated. Cryptocurrencies plunged, and Bitcoin plummeted by more than $6,000, plummeting 8% during the day, and then rebounded slightly.

The market once described Bitcoin as "digital gold", but judging from the recent trend, the safe-haven attribute of this asset seems to have disappeared.

Bitcoin plummeted 8% in 24 hours, the largest drop since March 2023. As of press time, the decline narrowed and the trading price was about $63,900. The sharp drop in Bitcoin dragged down cryptocurrencies, with Ethereum falling more than 11%, Dogecoin falling more than 22%, and Solcoin falling more than 23%.

CoinGlass data shows that within 24 hours, a total of 253,700 people in the virtual currency market were liquidated, with a total liquidation amount of $954 million (about RMB 6.904 billion).