Cryptocurrencies including Bitcoin, Ethereum, XRP, and Dogecoin experienced significant declines amid escalating Middle East tensions. Rising geopolitical concerns, fueled by recent comments suggesting possible US involvement in the Iran-Israel conflict, have heightened war fears and economic instability worries. This risk-off sentiment led to over 500 million dollars in liquidations within 24 hours. Experts advise viewing the downturn as a buy-the-dip opportunity, with expectations of consolidation and potential breakout movements in the near future.