Major cryptocurrencies plummeted on the morning of 13/06 after Israel launched a preemptive strike on Iran.
Price fluctuations of top cryptocurrencies at 09:25 AM on 13/06/2025
In the early morning of 13/06/2025, global news agencies reported that Israel launched an attack on Iranian territory, reigniting tensions between these two Middle Eastern countries.
The risk of conflict had been brewing in recent days, with the US warning that Iran might attack Israel and ordering the evacuation of citizens from the area. The fear became reality when Israel decided to take the initiative and launch a preemptive strike.
Israel stated that the attack targeted Iran's nuclear facilities, other military bases, and high-ranking Tehran government officials, with reports suggesting that Islamic Revolutionary Guard Corps Commander Major General Hossein Salami was among those killed.
Israeli Prime Minister Benjamin Netanyahu warned that the attacks would continue until the threat to the Jewish state is eliminated.
Prime Minister Netanyahu:
— Prime Minister of Israel (@IsraeliPM) June 13, 2025
"Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival.
This operation will continue for as many days as it takes to remove this threat." pic.twitter.com/3c8oF1GCYa
The international community's attention is now focused on Iran's potential retaliation, with fears that the risk of war is closer than ever. Israel has put the entire country on high alert and maximum warning.
Global financial markets were quickly shaken by this news. US stock indices after the official trading session are deeply declining, while global oil prices jumped to $74 per barrel – the highest since early April.
BREAKING: S&P 500 futures extend losses to -1.7% after Israel strikes Iran's capital. pic.twitter.com/FI1Ethz2Jc
— The Kobeissi Letter (@KobeissiLetter) June 13, 2025
Just like that:
— The Kobeissi Letter (@KobeissiLetter) June 13, 2025
Inflation is back in the spotlight as oil prices near $74/barrel, now up nearly $20/barrel since the April low.
Geopolitical tensions have returned. pic.twitter.com/rEE2H9oCKf
Gold prices also returned to the $3,430 per ounce range, just 70 USD away from the all-time high.
does gold hit a new ATH pic.twitter.com/DulrR4EuM7
— zerohedge (@zerohedge) June 13, 2025
The cryptocurrency sector was severely impacted by the geopolitical news, with Bitcoin price dropping from $106,000 to $102,600, erasing the gains from the positive US May CPI data and the new US-China trade agreement.
BTC price movement in the last 24 hours, screenshot from CoinGecko at 09:25 AM on 13/06/2025
The red color also flooded the altcoin segment, with many top names dropping 5% to 20% in value compared to 24 hours ago.
Fluctuations of top 100 altcoins by market capitalization, screenshot from Crypto Bubbles at 09:25 AM on 13/06/2025
The total liquidation value in the crypto derivatives market over the past day reached $1.14 billion, with longing positions accounting for 92.7%, including a BTC long order on Binance worth $201 million being fully liquidated.
Liquidation data in the crypto derivatives market, screenshot from CoinGlass at 09:25 AM on 13/06/2025
🚨 NEW: A whale on Binance was liquidated on a $201M BTC/USDT long position in a single order. pic.twitter.com/6C6UBx7hQF
— Cointelegraph (@Cointelegraph) June 12, 2025
In 2024, the world witnessed two instances of Iran and Israel attacking each other, with each occasion severely impacting the cryptocurrency market and pushing Bitcoin prices to multi-month lows.
Compiled by Coin68
