The war between Israel and Iran could significantly impact the cryptocurrency market. Here is how it could affect:
1) Impact on the market
a) Armed conflicts generate uncertainty and fear globally, leading investors to be more cautious and to move away from assets considered risky, such as cryptocurrencies.
b) Bitcoin, considered a high-risk and speculative asset, could experience a drop in its price due to mass selling by investors seeking refuge in more stable assets like gold or government bonds.
2) Effect on cryptocurrencies:
a) During Iran's attack on Israel in April 2024, Bitcoin fell by 8% and other cryptocurrencies such as Ethereum lost more than 7%.
b) Altcoins, such as Ripple and Dogecoin, were also affected with declines exceeding 10%.
c) However, after the ceasefire between Israel and Iran in June 2025, some cryptocurrencies like Uniswap (UNI) and Aerodrome Finance (AERO) experienced a price increase due to the accumulation of cryptocurrency whales.
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