Cryptos Crash as Israel Iran War Escalates

Bitcoin Price Drops Below $103K Amid Middle East Tensions

The crypto market took a hit today as renewed geopolitical instability shook investor confidence. Bitcoin price slid to below $103,000, recording a daily loss of nearly 3%, before slightly rebounding later in the session.

Source: CoinMarketCap - June 13, 2025

Top altcoins also followed the same downward trajectory:

• Ethereum dropped over 8% in 24 hours
• Solana fell 9.2%, leading the decline among major coins
• DOGE, ADA, and TRX also lost between 7% to 8%

For live price tracking, check out:
👉 Bitcoin Price
👉 Ethereum Price
👉 Solana Price

Why Did Crypto Markets Crash?

The selloff was triggered by reports of Israeli airstrikes on Iranian territory, with explosions reportedly heard in Tehran. Investors, already on edge, reacted swiftly to the risk of escalating conflict.

This sudden rise in geopolitical tension led traders to:

• Exit risk-heavy assets like crypto
• Liquidate leveraged positions
• Rotate into safe-haven assets like gold, U.S. dollars, and Treasuries

Over $1 billion in long positions were liquidated across all crypto exchanges in the last 24 hours, according to data from Coinglass.

What’s Next for Bitcoin and Altcoins?

Market analysts suggest that technical support for Bitcoin may form around the $101K level, but any sustained recovery will likely depend on the geopolitical developments in the coming hours and days.

While crypto has sometimes been viewed as a hedge in macro scenarios, this incident highlights that liquidity and risk-off sentiment dominate during real-world conflicts.

$BTC, $ETH, $SOL, $DOGE, $ADA, $TRX