Bitcoin, Ethereum, and Solana were among the most affected after Israeli strikes on Iran.
📉 On Friday, June 13, crypto markets experienced a collective decline after rising tensions between Israel and Iran, with the total market value of cryptocurrencies dropping by 8% within 24 hours, reaching about $3.25 trillion.
Bitcoin $BTC dropped to $102,664, down about 7.53%.
Ethereum #ETH lost 15% of its value, dropping to $2436.
Solana $SOL also fell about 16.72% to $140.
Currencies like $XRP and $BNB were affected less, but not spared from the wave.
📊 According to CoinGlass data, the liquidation volume increased by 125% and reached $1.2 billion in one night! The Relative Strength Index (RSI) dropped to 28, indicating that the market has entered a 'selling saturation' phase.
Despite this drop, the Fear and Greed Index still maintains a 'Greed' level at 54 points, down 17 points from the previous day, reflecting the tension and confusion among investors who no longer know where the market is headed.
💥 The sudden drop came after Israel carried out airstrikes targeting sensitive sites in Iran, such as Natanz nuclear facilities and Revolutionary Guard headquarters, according to Reuters.
According to Iranian media, several civilians were killed and General Hossein Salami was killed in the attack.
📢 The Israeli Prime Minister announced the launch of 'Operation Rising Lion', stating that it is the beginning of an expanded military campaign against the Iranian nuclear threat.
As for Iran, it confirmed that it will respond with a 'harsh reply', while America denied any direct involvement, stating that it is only protecting its interests and forces in the region.
📉 The impact did not stop at crypto…
US stocks opened down 1.5%.
European markets started today with similar losses.
Gold rose by 0.75% to $3428 per ounce.
Oil recorded a jump of 10% to $74 per barrel.
⚠️ Markets are currently dealing with the possibility of a full-scale war in the region, and volatility may increase in the coming period. As tensions rise, investors are preferring safe assets such as gold and the dollar… and it's still unclear whether this wave will stop here or if it's just the beginning!
Stay tuned with us for immediate coverage of all the latest in the crypto world and the global economy 🔍.
