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On the early morning of June 13, the Israeli air force launched an airstrike against Iran, which had a significant impact on the Bitcoin market, leading to another big dump of Bitcoin, as the Crypto Assets market is extremely sensitive to sudden geopolitical events. On one hand, geopolitical conflicts can trigger panic in the market, causing investors to sell off their encryption assets to avoid risks.
On the other hand, the uncertainty of energy prices may directly impact the costs of crypto miners, especially mining projects that rely on high energy consumption like Bitcoin. As events gradually stabilize, bottom-fishing funds may also gradually flow back.