**Why Is Crypto Down?**

**Key Reason:**

The primary cause of the recent downturn in cryptocurrency, including Bitcoin, is the escalating tensions between Iran and Israel. Market instability has been triggered by concerns over potential conflicts after warnings from the US to Iran to refrain from engaging with Israel, amidst reports that Iran might be planning an attack within the next 48 hours. This has led to widespread uncertainty, affecting not just crypto markets but global financial landscapes as well.

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