Post by Augustine Chiagozie (@pabloexchange)

🟠 Iran-Kuwait strikes send Bitcoin below $73K amid $700M liquidations

Iranian drone and missile strikes on Kuwait's power and water plants have rattled global markets, triggering a sharp selloff in crypto. Bitcoin fell below $73,000 as the escalation in Gulf tensions sparked widespread liquidations.

Over $700 million in crypto positions were liquidated amid the turmoil, with US sanctions also freezing $130 million in Iranian crypto assets. The strikes mark a significant escalation in the US-Iran conflict, with ripple effects hitting risk assets including digital currencies.

Geopolitical shocks have historically caused short-term crypto volatility as traders reduce exposure to risk assets during periods of uncertainty.

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