BEARISH 📉 : Bitcoin and Ethereum prices plunge amid US-Israel conflict

Summary of Recent Crypto Market Movements

The prices of Bitcoin and Ethereum fell sharply due to geopolitical tensions involving a US-Israel strike on Iran.
Bitcoin's value dropped by $2,500 within 45 minutes, resulting in over $200 million worth of long positions being liquidated within an hour.
A total of approximately $72 billion was wiped from the crypto market during the sell-off.
Major exchanges like Binance, Coinbase, and Winternute offloaded over $3.5 billion in Bitcoin within a short timeframe, exacerbating the decline.
Bitcoin has since rebounded above $66,000, although market volatility remains high due to ongoing Middle East conflicts.
Ethereum experienced a similar downturn, losing roughly 10% of its value quickly, dropping below $1,900 before recovering to above $1,950.
The Ethereum derivatives market saw significant liquidations, particularly affecting traders with long positions.
The geopolitical situation further intensified an existing downtrend for Ethereum and other altcoins like XRP.