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Crypto markets faced a sharp sell-off early Friday as geopolitical tensions between Israel and Iran spooked investors. Bitcoin dropped 5%, while altcoins saw steeper losses, with over $1 billion in liquidations. Safe-haven assets like gold and oil surged as traders sought stability.
- Bitcoin dropped 5% to under $104,000, while altcoins fell 6-9% amid $1B+ liquidations.
- Safe-haven assets surged, with gold hitting $3,400/oz and oil spiking 12% on geopolitical fears.
- Analysts warn of further volatility ahead of US CPI data and escalating Middle East tensions.
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