Crypto Market Plunges, Triggers $1 Billion Liquidations


$BTC dropped over 4% below $100,000 following escalating global tensions in the Middle East region.


Rising global conflict sparked threats to close the Strait of Hormuz, a critical route for global oil shipments.


The heightened geopolitical tension spooked global markets, triggering panic selling across cryptocurrency exchanges.


Over $1.02 billion worth of positions were liquidated across the crypto market in just 24 hours.


Popular altcoins, including $ETH and $SOL, also broke key support levels, signaling potential further declines.


Strong bullish moves appear unlikely due to both technical weakness and ongoing #geopolitical risks.

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June 22, 2025 at 11:58 PM
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