The crypto market experienced a severe downturn following U.S. strikes on three Iranian nuclear facilities ordered by President Donald Trump. Over $700 million in long positions were liquidated, primarily affecting Ethereum, which saw a 7.4% price drop. The total crypto market capitalization fell to $3.25 trillion, with a 4.4% decrease. Ethereum liquidations reached approximately $296 million, with $269 million in long positions being closed. Bitcoin also faced liquidations totaling $152 million, $125 million of which were long positions. In light of the military actions, prediction markets indicated a bearish sentiment towards Ethereum, with over 70% of users expecting it to drop below $2,000 by the year's end. The attacks were characterized as a significant escalation in U.S.-Iran tensions, with potential ramifications for global stability and further impacts on financial markets.

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