Why is crypto down today? $92B wiped out as US-Iran tensions rise
macro
Crypto fell sharply as escalating US-Iran tensions triggered a broad risk-off move, wiping roughly $92 billion from the total market capitalization. Bitcoin declined alongside equities and other risk assets as investors sought safety amid heightened geopolitical uncertainty. The episode underscores Bitcoin’s continued short-term sensitivity to macroeconomic and geopolitical shocks despite its longer-term safe-haven narrative.
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