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The encryption market has fallen 160 billion dollars since the Israeli conflict – Iran began

The global market value of the cryptocurrency has lost more than $ 160 billion since June 12, when Israel began a large -scale air operation, called the “RISing Lion”, which targets Iranian nuclear facilities (including the enrichment complex in Natanz), ballistic missile programs, and military leadership.

On that day, the total value of the Crypto market was $ 3.4 trillion. As of June 18, it is $ 3.24 trillion, according to data from CoinmarketcapOn the occasion of a sharp decline, it reflects the increasing investor concern about geopolitical uncertainty.

The encryption market cover since June 12. Source: CoinmarketCap

The size also decreased, as it decreased to 117.71 billion dollars, a decrease from 125.18 billion dollars registered at the height of the gathering last Wednesday.

While encryption is often described as a hedge against macro, modern history shows that when real global tensions are escalating, Bitcoin (BTC) and Ethereum (ETH) are not immune from the initial journey to safety.

The dynamics of the wider encryption market

The Israeli -Iranian conflict had long -term effects on the risk. The stocks witnessed an increase in fluctuations last week, and oil rose shortly before the speculation retracted that the conflict will remain regional.

In encryption, however, the mood decisively turned from “buying” to “wait and see”.

The main altcoins including XRP, Sol and Ada recorded high weekly losses of two numbers, and even Bitcoin, which is still more than $ 105,000, struggled to restore momentum ascending despite improving ETF flows.

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