$1.14 Billion Wiped Out as Market Faces Double Attack? 

The cryptomarkt today witnessed a steep fall. The main reason for this is the war tensions between Israel and Iran. The dispute again escalated when Israel launched an air raid on the nuclear facilities of Iran on 13 June. In addition, the last inflation report of the American Federal Reserve refused the hope for any interest rate letings in June.

This double edition of geopolitics and monetary policy has sent shock waves through the market, leading to more than $ 1.14 billion in liquidations. While crypto traders names, many resorted to safer assets such as gold, with Pax Gold and Tether was under the rare green tokens in a sea of ​​red.

$ 1.14 billion worth Liquidation Hits Traders

In the last 24 hours, 246,590 traders have been liquidated, which emphasizes a serious oblique line on the derivatives market. The total liquidations from the moment of the press have risen to $ 1.14 billion, and emphasizes the intense volatility caused by the external factors.

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