Did Israel’s Attack on Iran Trigger Today’s Crypto Crash? Here’s What You Need to Know!
Jakarta, Pintu News – As of June 13, 2025, the crypto market is in the red, with the global market capitalization falling by 4.32% to $3.25 trillion.
Most cryptocurrencies, including Bitcoin , Ethereum, XRP, and Solana, have experienced sharp declines. Currently, Bitcoin is trading below $104,000, with support levels in the range of $101,000 to $102,000.
Crypto Currency Decline
At the time of writing, Ethereum has dropped more than 9% in the last 24 hours and is now hovering around $2,501. XRP (XRP) has also taken a hit, dropping more than 5% and trading at $2.11.
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Popular altcoins such as Solana (SOL) and Dogecoin were not spared either – SOL plummeted by more than 10%, while DOGE fell by almost 9%.
Even large-capitalization tokens such as BNB and Cardano also fell, dropping by 2.89% and 8.6% respectively.
Geopolitical Tensions Shake Markets
The main cause of today’s crypto market crash was the sudden rise in tensions in the Middle East. On June 13, Israel reportedly launched airstrikes against Iran’s nuclear facilities.
These geopolitical shocks made global investors panic and turn to safer assets like gold, which surged 5%.
Historically, whenever there is a conflict in the Middle East, risky assets like cryptocurrencies tend to decline. In just one day, Bitcoin has already dropped almost 4% – a similar move during the US-Iran conflict in 2020.
Macroeconomic and Regulatory Pressures
US Treasury Secretary Janet Yellen recently warned that tariffs proposed by Donald Trump could push US inflation up to 3%. This could lead the Federal Reserve to keep interest rates high for longer – bad news for risky assets like crypto.
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In addition, the launch of a perpetual futures contract by Coinbase that complies with CFTC regulations has attracted short-term liquidity from the spot market, adding to the selling pressure in the crypto market.
The next big event that the market is waiting for is the interest rate decision that will be announced in the next few days. Currently, the probability of interest rates remaining in place stands at 99%.
The market hopes that Fed Chairman Jerome Powell will show an optimistic attitude regarding future economic stability and signal an interest rate cut. If not, and the Fed sticks with a “wait-and-see” approach, then markets are likely to remain sluggish in the near term.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Why is The Crypto Market Going Down Today? Accessed on June 13, 2025
