{"content":"*Crypto Market Plummets: $240 Billion Wiped Out Amid Israel-Iran Tensions* The cryptocurrency market is experiencing a significant downturn, with the total market value dropping by 1.26% to $3.21 trillion. This translates to a staggering $240 billion loss in value. Bitcoin, the market's bellwether, has slumped to $103,127, a 2% decline in just seven days. But it's not just Bitcoin; altcoins like Ethereum, Solana, and Dogecoin have taken an even bigger hit, with losses ranging from 10% to over 11%. *The Perfect Storm: Geopolitical Tensions and Market Sentiment* So, what's behind this crypto market crash? The primary trigger seems to be the escalating conflict between Israel and Iran, which has sent shockwaves through the market. The fear of US involvement, fueled by Trump's warning to Iran, has investors on edge. As a result, the market has reacted negatively, with Bitcoin and other major cryptocurrencies experiencing significant price drops. *Whales Cashing Out: A Sign of Things to Come?* Another factor contributing to the market's decline is the whale sell-off. According to Glassnode data, wallets holding Bitcoin for 6-12 months have sold over $900 million worth of BTC recently. Even long-term holders are cashing out, with $1.2 billion in profits taken in early June. This wave of profit-taking has added to the market's downward pressure. *Liquidations Mount: A Cascade of Losses* The price drop has also led to massive liquidations, with over $503 million in crypto positions liquidated in the past 24 hours alone. Ethereum was hit particularly hard, with $183 million in liquidations. The largest single loss was a staggering $8 million Bitcoin trade on the Bybit exchange. While Bitcoin's decline was significant, altcoins suffered even more. Ethereum dropped 10%, Solana fell over 11%, and XRP lost 1.4%. The Altcoin Index has plummeted to 22, indicating Bitcoin's dominance in the market. $BTC $SOL $ETH #MarketPullback #IsraelIranConflict #SaylorBTCPurchase #SwingTradingStrategy ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/23/6a81168f28034149b5182f4b61d41982.jpg"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}