Israel and Iran can go to war at any time! Bitcoin and Ethereum plummeted, and the entire network liquidated more than 920 million US dollars

U.S. President Biden warned that Iran would soon launch an attack on Israeli territory. The military crisis in the Middle East heated up rapidly, causing U.S. stocks to close completely. Dow Jones plummeted 475.84 points. Bitcoin once dropped by $65,000, and Ethereum plummeted by more than 12%. The amount of liquidated positions on the website exceeded US$920 million within 24 hours.

Tensions in the Middle East have increased rapidly this month. According to the latest news from CNN, US President Biden warned at a White House press conference today that he expected Iran to attack Israel "sooner or later" and called on Iran not to launch an attack. Biden stressed that the United States is committed to defending Israel.

Iran may strike back against Israel as soon as this week

On the 11th, the Wall Street Journal quoted intelligence from U.S. officials as saying that Iran is estimated to directly attack the southern or northern territories of Israel as soon as 24 to 48 hours, which may include dispatching more than 100 drones and launching dozens of missiles in retaliation for the 1st Israel launched an air strike on the Iranian Embassy in Syria, killing 14 people, including the commander and many members of Iran's elite Revolutionary Guards. The United States is urgently dispatching warships to protect Israel and the US military in the region.

Another U.S. official revealed that Iran has told Washington that it will not act hastily and prevent the situation from escalating. The counterattack may be launched by its proxy militia groups to avoid triggering a regional war that would force the US military to take action; the Israeli military said that Israel is on alert and that they are fully prepared for various situations.

The U.S. State Department has implemented travel restrictions on government employees in Israel and their families, and France, India, Russia, and the United Kingdom have successively issued travel warnings in response to tensions between Israel and Iran.

U.S. stocks close in the black, Dow Jones plummets, gold prices soar to new highs

The imminent military crisis in the Middle East has aroused investors' concerns. The panic index VIX jumped more than 16% and reached its peak this year. On the 12th, the spot gold price once exceeded US$2,430 per ounce, setting a new high. Crude oil prices also climbed to the highest level in six months. The highest intraday level.

The four major U.S. stock indexes ended in the black on Friday, with the Dow Jones plummeting 475.84 points and the Nasdaq falling 267.11 points, leaving investors bleeding.

Closing performance of the four major U.S. stock indexes on the 12th:

The Dow Jones Industrial Average plummeted 475.84 points, or 1.24%, to close at 37983.24 points.

The S&P 500 fell 75.65 points, or 1.46%, to close at 5123.41.

The Nasdaq fell 267.11 points, or 1.62%, to close at 16175.09 points.

The Philadelphia Semiconductor Index fell 161.315 points, or 3.29%, to close at 4745.051 points.

Bitcoin drops by $65,000, Ethereum plummets 12%

The cryptocurrency market was also affected. Bitcoin experienced selling pressure after 20:00 last night, plunging 8.3% to a low of nearly $65,086. As of the time of writing, it continued to fluctuate in the range of $66,000, temporarily trading at $66,362 in the past 24 hours. It fell nearly 6%.

Ethereum fell even more, plummeting over 12.2% last night, hitting a low of $3,100, and was trading at $3,211 at the time of writing, with a drop of as much as 9% in the past 24 hours.

The entire network was liquidated to US$920 million, and 300,000 people were liquidated

With Bitcoin plunging from nearly 70,000 US dollars to 65,000 US dollars, according to Coinglass data, in the past 24 hours, the entire cryptocurrency network liquidated more than 920 million US dollars, of which long orders liquidated as much as 820 million US dollars, nearly 300,000 people were liquidated and the disaster was severe. Readers are reminded that the current conflict in the Middle East has made the overall economic situation more complicated, and investment needs to be cautious.