Crypto Market Suffers $500 Million Liquidation Amidst Geopolitical Tensions

The crypto market experienced a significant downturn, with over $523 million in liquidations triggered by escalating tensions between Israel and Iran. Bitcoin saw a notable decline, while ETFs witnessed outflows, fueling a surge in market fear.

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The heightened geopolitical uncertainty has created a volatile environment for crypto assets, leading investors to adjust their positions. The recent events serve as a reminder of the impact of global events on the crypto market, highlighting its sensitivity to external factors.