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Today, the cryptocurrency market experienced a "roller coaster" of major price movements, driven by the sudden escalation of the Iran situation.
In a nutshell: Influenced by the news of the death of Iran's Supreme Leader, the market went through a "crash-liquidation-violent rebound" within 24 hours, with Bitcoin once again surpassing $68,000. Over 100,000 traders were liquidated across the network.
The specific event timeline is as follows:
· Volatile Market: Bitcoin initially fell then rose, dropping below $64,000 before rebounding to $68,000. Ethereum broke above the $2,000 mark. Over $400 million in contracts were liquidated across the network, affecting 116,000 traders, with more than 70% being short positions.
· Core Cause: The escalation of geopolitical conflict caused Bitcoin to become a "pressure release valve" for liquidity during the weekend, absorbing global selling pressure. Another deeper reason is that Iran is a major mining country; the conflict led to a shutdown of the country's hash rate (about 4%-7% of global), triggering market panic.
· Industry News: Guojin Securities reported that Hong Kong approved its first real estate RWA tokenization product, and Coinbase has opened stock trading features to all U.S. users. $BTC $ETH $BTC $ETH