US EditionCrypto Daybook Americas: Bitcoin Weathers Market Rout as Israel Hits Iran
- On June 13, Bitcoin and other cryptocurrencies experienced a sharp decline following Israel’s strikes targeting Iran’s nuclear and missile facilities.
- The airstrikes followed an IAEA statement accusing Iran of uranium enrichment violations and killed several Iranian military leaders, intensifying geopolitical tensions.
- Bitcoin declined by nearly 3%, falling below the $103,000 level, while Ether dropped approximately 7.6%, resulting in the liquidation of long trades valued at more than $1 billion across major crypto platforms such as Binance and Bybit.
- Market analysts noted that Bitcoin sometimes acts as a macro hedge during acute risks, with Sean McNulty stating liquidity trumped narrative amid kinetic military conflict.
- The event caused broad risk asset selloffs, increased safe-haven buying of Treasuries and gold, and is expected to keep geopolitics driving crypto price action short-term.
39 Articles
39 Articles
Bitcoin and ether fall as tensions between Israel and Iran intensify: CNBC Crypto World
On today's episode of CNBC Crypto World, cryptocurrencies fall as tensions grow between Israel and Iran. Plus, Max Branzburg of Coinbase speaks to Crypto World from the State of Crypto Summit to break down the crypto exchange's new credit card in partnership with American Express.
Bitcoin and broader crypto market sink as Israel launches airstrikes against Iran
Bitcoin and the rest of the crypto market tumbled on Friday morning after Israel launched a series of airstrikes against Iran, marking a major escalation in the ongoing conflict in the Middle East. Bitcoin is down 2% in the last 24 hours, according to Binance, falling from $107,000 to a low of $103,000 before rebounding slightly. The total market cap of the crypto market is down 3%, with Ethereum and Solana down 7% and Dogecoin down 6%. The th…
Over $1 Billion in Long Positions Liquidated After Bitcoin Drops Following Reported Israeli Strikes on Iran
Leading digital assets bitcoin and ether both saw sharp declines following Israel’s airstrikes on Iran, with bitcoin falling 4% to under $104,000, and ether seeing a sharper decline of 10% to an intra-day low of $2,468. This decline triggered significant liquidations in the crypto market, with more than $1.07 billion in long positions wiped out from over 251,000 traders over 24 hours. Bitcoin and ether accounted for the lion’s share of those liq…
Listen to the excerpt from the show First Time: Israel Hits Iran
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