#MarketPullback

Why the crypto market is not pumping today

1. Geopolitical risk – Israel–Iran tensions sparking risk-off flows

• On June 13, 2025, Israel conducted airstrikes on Iranian facilities, triggering a surge in global risk aversion. Cryptos like Bitcoin and Ethereum dropped ~2–7%, while traditional safe‑havens—gold, U.S. Treasuries, the dollar, Swiss franc, yen—rallied .

• Analysts and critics (like Peter Schiff) are emphasizing that Bitcoin remains a risk asset—not a “digital gold”—given these quick sell‑offs under geopolitical stress .

2. Market liquidation & volatility

• Heightened conflict has caused large leveraged sell‑offs. In past Israel–Iran skirmishes, crypto markets saw hundreds of millions in liquidations .

• Today’s dip reflects a classic “flight to cash/gold, sell risky assets” behavior.

3. Energy & mining in Iran

• Many Iranian miners rely on cheap subsidized energy—and often operate unofficially. That strains the grid and ties crypto activity to Iran’s geopolitics  .

• Renewed military actions or sanctions could further disrupt Iran’s mining output and indirectly pressure global hash rates—but experts think removing Iran’s mining capacity (~3–7%) wouldn’t significantly disrupt the network .

No market pump today – instead, we’re seeing a sell-off triggered by geopolitical instability, especially in the Middle East.

• Bitcoin and other cryptos are behaving as risk assets, not safe-havens—gold and the dollar are still the fallback during crises.

• Recovery is possible, but highly contingent on de-escalation and macro tailwinds—particularly potential rate cuts.

• Iran’s mining ecosystem adds another layer of complexity but won’t break supply dynamics.