The ongoing Iran-Israel conflict is impacting the cryptocurrency market, causing significant drops in Bitcoin and other digital assets. Following Iran's missile attacks on Israel, Bitcoin fell below $62,000 as geopolitical tensions escalated, driving investors to safer assets like gold. The uncertainty has intensified sell-offs across the crypto sector, with many looking to avoid the volatility that accompanies such conflicts (coin telegraph)
In the long term, this conflict could continue to fuel market volatility, potentially causing further capital outflows from crypto into less risky investments. The extent of the impact will depend on how the conflict evolves
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