The crypto market dropped sharply on Friday, June 13, after news broke that Israel launched a major military strike on Iran. This sudden escalation in the Middle East scared investors and triggered a big sell-off across cryptocurrencies.
📉 Big Crypto Drop
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Bitcoin fell 5%, now trading around $103,464
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Ethereum dropped 10%, now at $2,471
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Solana plunged 11%, now at $141
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XRP and BNB also went down by 6% and 4%
In total, the crypto market lost 7%, dropping to a market value of $3.3 trillion.
💥 Why the Drop?
Israel started “Operation Rising Lion”, targeting Iran’s nuclear facilities and military bases. Iranian media reported serious damage, including the death of a top general and civilian casualties, including children.
Israel is now on high alert, shutting down its main airport and preparing for possible counterattacks. Iran promised a “harsh response”, raising fears of a larger conflict in the region.
💸 Liquidations and Investor Panic
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More than $1.2 billion in crypto trades were liquidated in one day
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Crypto futures open interest fell nearly 10%, showing reduced investor confidence
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The Crypto Fear & Greed Index dropped to 61, still in “Greed” but down sharply
Even traditional markets reacted badly. U.S. stock futures fell around 1.5%, and European markets opened lower. At the same time, “safe” assets like gold and oil rose as investors looked for safety.
🧠What’s Next?
With war fears growing, investors are likely to keep pulling money out of risky assets like crypto. Unless things calm down, expect more market volatility in the coming days.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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