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Bitcoin plunged while gold surged to two-month highs as geopolitical tensions between Israel and Iran rattled global markets. Over $1 billion in crypto positions were liquidated within 24 hours, highlighting Bitcoin’s correlation with risk assets during crises.
- Bitcoin dropped 3.6% amid Middle East tensions, while gold surged 2% as a safe haven.
- Over $1 billion in crypto positions were liquidated, mostly long, due to market volatility.
- Analysts highlight Bitcoin's correlation with tech stocks, not gold, during geopolitical crises.
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