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The Iran-U.S. situation escalates again, causing violent swings in the crypto market!
Trump announced a plan to launch a fierce strike on Iran and to control Hark Island, and international oil prices surged past $91, while BTC fell below the $63,000 level.
In the past 24 hours, more than $400 million in long positions were liquidated, and panic spread across the market.
Against the backdrop of oil prices soaring and stoking inflation concerns, BTC is being sold off as a high-beta risk asset, and in the short term, investors should stay alert to the risk of a second dip driven by a liquidity squeeze.
#Bitcoin #Crypto #Iran #Geopolitics #BTC