Many are starting to say that today's drop in $BTC $ETH etc... is due to the attack by the United State of American and Israel against Iran, but that doesn't make sense in cryptocurrency  since it's a descentralized product and easily movable in any unplanned or planned armed conflict between nations. Investors are coming out to point out that the best way to protect assets and transform them in seconds anywhere in the world.

So, many are jumping on theory instead of dropping it. There are tendency that $BTC, $ETH could rise due to massive purchase. Many crypto analysts are voicing out that it's another price manipulation to liquidate investments. Ethereum was even more affected, dropping nearly 10% and trading around $1800. Altcoins are bleeding everywhere.

Markets hate uncertainity. When geopolitical tensions escalate on such a scale, investors typically move capital to safe-haven assets such as the US dollar, Gold, and Government bonds. This type of news is enough to create panic selling, especially in a market that was already showing weakness.