Crypto Traders Face Losses After Israel-Iran Conflict
The cryptocurrency market reeled under geopolitical strain as Israeli strikes on Iranian nuclear and military facilities triggered a wave of liquidations. Over $1.16 billion in positions evaporated within 24 hours, erasing recent gains and exposing the sector’s fragility to global shocks.
Stablecoins emerged as rare sanctuaries amid the turmoil, underscoring a flight to safety. Despite crypto’s decentralized ethos, the selloff revealed its persistent Tether to real-world crises—a stark contrast to its foundational promise of sovereignty.
This marks the second major liquidation event in months, following April’s upheaval. The rapid capital destruction highlights how algorithmic trading and Leveraged bets amplify volatility during geopolitical flashpoints.
