#IsraelStrikesIranBTCPlunges The sudden military escalation between Israel and Iran triggered an immediate risk-off reaction across global markets, with crypto taking a direct hit.
Immediate Impact
Bitcoin dropped over 6%, breaking below $63,600
Ethereum fell more than 8%
Over $100M in liquidations occurred within minutes
Altcoins experienced sharper declines due to higher risk sensitivity
This reaction is typical of sudden geopolitical shocks, where investors reduce exposure to volatile assets and move toward liquidity and safety.
The Triple-Effect Pattern to Watch
Historically, Middle East