More than $190 billion has exited crypto markets over the past 12 hours, sending total capitalization tumbling over 7% to $3.36 trillion.<\/p>\n
The crypto crash followed news reports<\/a> that Israel had launched a missile attack on Iranian nuclear sites in a pre-emptive strike.<\/p>\n Israel has declared a state of emergency, saying the country expected counter-attacks \u201cin the immediate future,\u201d reported the BBC.<\/p>\n Meanwhile, Iranian media claims that residential areas in Tehran were hit and civilians were among those killed.<\/p>\n BREAKING: Iran says it will respond \u201charshly\u201d against Israel and the US following tonight\u2019s attacks.<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) June 13, 2025<\/a><\/p>\n<\/blockquote>\n Liquidation data from Coinglass shows that there has been $1 billion in liquidations over the past 12 hours, and almost 250,000 traders were liquidated over the past 24 hours.<\/p>\n More than 90% of those positions were long, and the majority of them were in Bitcoin and Ethereum.<\/p>\n Bitcoin led the losses<\/a>, tanking hard and fast in a $5,000 dump from an intraday high of $108,350 to bottom out at $103,000 during Asian trading on Friday morning.<\/p>\n The asset found support there and had reclaimed $104,000 at the time of writing, remaining within its six-week range-bound channel.<\/p>\n Ethereum prices crashed more than 9%, tumbling from $2,760 to bottom out at $2,470 in a matter of hours. The asset had crept back over $2,500, where solid support lies at the time of writing.<\/p>\n Altcoins suffered even more pain with Solana getting smashed 12% in a fall back to $140, Dogecoin dumping 10% in a dip to $0.17, and Cardano crashing 9.5% in a slide to $0.62.<\/p>\n Other altcoins deep in the red include Sui, Chainlink, Avalanche, Shiba Inu, and Hedera.<\/p>\n Nevertheless, losses were not so bad for BNB and Tron, which dipped a couple of percentage points.<\/p>\n Total crypto market cap is down 7.9% to $3.34T amid Middle East tensions. View breakdown here:https:\/\/t.co\/YqL9362eES<\/a> pic.twitter.com\/58V3Ob712L<\/a><\/p>\n \u2014 CoinGecko (@coingecko) June 13, 2025<\/a><\/p>\n<\/blockquote>\n Despite the geopolitical-driven drop, a bullish background prevails, so a rebound could be likely as Bitcoin and its brethren are often seen as safe havens during periods of turmoil.<\/p>\n \u201cAs geopolitical conflicts rise, investors often flee to fiat-based sovereign debt for \u2018safety\u2019. This, of course, is ultimately a mistake, as inevitable money printing and monetary debasement soon follow. Smart investors will flee to assets that cannot be debased. The smartest will buy Bitcoin,\u201d said<\/a> former hedge fund manager James Lavish.<\/p>\n<\/blockquote>\n The pro-crypto narrative from the United States continues to strengthen with the Securities and Exchange Commission withdrawing a tranche of Gary Gensler-era rules on June 12. Additionally, the US and China struck a trade deal<\/a> this week as tariff tensions eased.<\/p>\n However, benchmark Brent crude oil prices spiked by more than 8% and gold prices ticked up to $3,440 per ounce on the specter of all-out war.<\/p>\n \u041f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u044f\u0442\u0430 Bitcoin Price Crashes Toward $103K, Crypto Markets Bleed S200 Billion After Israel Strikes Iran<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" More than $190 billion has exited crypto markets over the past 12 hours, sending total capitalization tumbling over 7% to $3.36 trillion. The crypto crash followed news reports that Israel had launched a missile attack on Iranian nuclear sites in a pre-emptive strike. Israel has declared a state of emergency, saying the country expected counter-attacks […]<\/p>\n","protected":false},"author":1,"featured_media":26567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
Crypto Assets Crash<\/h2>\n
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\nMeme and Layer 2 categories saw the steepest declines, each falling over 12%.<\/p>\nBullish Background Remains<\/h2>\n
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