The cryptocurrency market lost a record $ 190 billion per day

The cryptocurrency industry has lost more than $ 190 billion over the past 12 hours after reports of an Israeli missile strike on Iran’s nuclear facilities. The total market capitalization fell by more than 7% to $ 3.36 trillion. The events, accompanied by a state of emergency in Israel and reports of civilian casualties in Tehran, seriously frightened investors.

According to CoinGlass, over the past 12 hours, more than $ 1 billion worth of positions have been liquidated. Almost 250,000 traders were affected over the course of the day — more than 90% of them held long positions, mostly in Bitcoin and Ethereum.

Bitcoin BTC $105,478.32 Bitcoin 1.76% Market capitalization $2.1 trillion VOL. 24 hours $2.07 billion dropped from $ 108,350 to $ 103,000 during the Asian session, but later recovered to $ 104,000. Ethereum ETH $2,562.25 Bridged Ether (StarkGate) 2.90% Market capitalization $0.15 billion VOL. 24 hours $2.1 billion lost more than 9%, falling from $ 2760 to $ 2470, but later rose slightly above $ 2500. Among the altcoins, Solana SOL $147.32 Binance-Peg SOL 2.63% Market capitalization $0.16 billion VOL. 24 hours $0.55 billion (-12%, to $ 140), Dogecoin DOGE $0.18 Binance-Peg Dogecoin 3.42% Market capitalization $0.46 billion VOL. 24 hours $0.17 billion (-10%, to $ 0.17), and Cardano ADA $0.64 Cardano 1.97% Market capitalization $22.97 billion VOL. 24 hours $78.05 million (-9.5%, to $ 0.62) suffered the most.

Other tokens that fell significantly include Sui, Chainlink, Avalanche, Shiba Inu, and Hedera. At the same time, BNB and Tron have relatively held their ground, losing only a few percent.

Despite the geopolitical shock, analysts note that the fundamentally bullish mood remains. Hedge fund manager James Lavish emphasized that the real protection against financial risks is not fiat currency, but assets that are not subject to devaluation, such as Bitcoin. On the positive side, the SEC has abandoned some of the rules of the Gary Genslerera, and the US-China trade agreement has eased tensions somewhat.

Notably, Brent crude oil prices rose by 8% and gold rose to $ 3440 per ounce, indicating fears of a possible large-scale conflict.