Bitcoin loses USD level $ 104,000 while attacks between Israel and Iran intensify

By Hannah Pérez

The cryptocurrency market has seen liquidations for around USD $ 500 million in the last 24 hours in the middle of a wide price reverse. Bitcoin backed into the USD $ 103,000 area.

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Bitcoin backed into the USD $ 103,000 area and the liquidations arise.
Israel and Iran are engaged in a fifth consecutive day of attacks.
The cryptocurrency market faces liquidations for USD $ 500 million in 24 h.

Bitcoin (BTC) is once again a volatility witness in the midst of geopolitical conflicts, returning to bearish territory on Tuesday as attacks between Israel and Iran extend for the fifth consecutive day.

Since June 13, tensions between Israel and Iran have climbed into an open military conflict, marking an unprecedented period of clashes between the two nations of the Middle East.

On Tuesday, on the fifth day of conflict, Israel and Iran exchanged more attacks. Israel hit the Iranian state station and a resupply plane at a local airport. Meanwhile, his long -standing rival launched a new wave of missiles towards the Israeli territory, activating sirens in Tel Aviv and Jerusalem.

Israel’s army said earlier that he killed a senior Iranian general, and the president of the United States, Donald Trump, warned Tehran residents to evacuate while suggested that the United States could give up negotiations, he reported AP.

Trump left the G7 summit early to address the conflict, stating that he is looking for a “Real end” to the Iranian nuclear problem and suggesting a possible shipment of US officials to negotiate. He also threatened the Iranian leader Ali Jamenei and said Social truth that “Now we have total and complete control of the heavens of Iran“

The world markets were affected by developments, with oil prices up almost 3% amid the uncertainty and measure that the international community, including China and the UN, condemned the climb and asked for containment.

Bitcoin takes a reverse and the settlements arise

Bitcoin He felt the weight of the news, falling on Tuesday at noon (ET) to a local minimum of USD $ 103,414, according to data from Coinmarketcap. The distinguished cryptocurrency had shown signs of recovery on Monday, momentarily arising over USD $ 108,000, with analysts coinciding in the constant institutional demand promoting the rebound.

However, the profits had a limited and very small time. Although certain indicators –as continuous capital tickets for six days until Monday between the funds listed on the stock market (ETF) of Bitcoin spot– They reflect a sustained institutional appetite, the price action of Bitcoin Now he has become bassist.

The sudden back in prices It caused a swell of landscape settlements leverage in the cryptocurrency market for more than USD $ 500 million in 24 hours, According to data from Coinglass.

Almost 150,000 individual operators have faced the sudden closure of their positions in centralized cryptocurrency exchanges, while long liquidations amount to USD $ 72 million within 60 minutes.

An exchanger operator of decentralized derivatives, Hyperliquidmade an unrealized gain of USD $ 10 million into a loss of USD $ 2.5 million, as it was caught in the losses of Bitcoinreplicating what happened last month to the merchant under alias James Wynn, which flew a USD $ 100 million account in the middle of a correction.

The cryptocurrency market backed 3.7% in the last 24 hours to place a market capitalization of USD $ 3.24 billion, according to data from Coinmarketcap at the time of editing. BTC changes hands around USD $ 103,7004.7% lower in the period and a loss of 7.35% from its maximum historical price close to $ 112,000 conquered on May 22.

Hannah Estefanía Pérez / Diariobitcoin

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