Geopolitical tensions are once again shaking the cryptocurrency market. As the conflict between Israel and Iran intensifies, with President Trump pulling out emergency diplomatic cards, global financial markets are in turmoil. In particular, the cryptocurrency market is seeing fear rapidly spreading among investors as positions worth $394.16 million (approximately 548.6 billion won) were liquidated within 24 hours.
President Trump raised tensions to a peak by suggesting the possibility of a 'bunker buster' attack on Iran's nuclear facilities. He shortened the G7 summit schedule and quickly returned to Washington, and is currently pursuing an emergency meeting with Iranian high-ranking officials. Especially, his statement "evacuate Tehran" has not been clearly explained, but it immediately shocked the market, implying a sense of crisis beyond a simple diplomatic statement.
In this crisis, the cryptocurrency market is fluctuating. BTC once soared to $108,950 (approximately 151.24 million won) during trading hours, but later stabilized around $107,000 (approximately 148.73 million won). XRP also seemed to lead the market rally by surging about 7% at one point, but is surrendering its upward momentum due to continuing geopolitical risks. In the overall market, forced liquidations are occurring, further expanding the decline.
When Israel launched an airstrike against Iran two days ago, Bitcoin was pushed down to $103,000 (approximately 143.17 million won), and concerns about further decline are being raised. Experts are warning that if no peaceful solution is found within the next 24 hours, the market may experience another sharp drop.
The market analysis media The Kobeissi Letter stated, "While the view that this conflict will end in the short term still prevails, we cannot rule out the possibility of significant confusion across asset markets if emergency diplomatic means fail." Among cryptocurrency investors, the atmosphere is focused on risk management rather than price rebounds. Considering the market's sensitivity to political changes, it is necessary to be aware of rapidly changing flows even within a day.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized reproduction and redistribution prohibited>
