After Israel's airstrike on Iran, Bitcoin and other cryptocurrencies depreciate significantly

On June 13, Bitcoin, the largest digital asset, fell by 3% in the Singapore market to below $103,000, while smaller cryptocurrencies experienced even larger declines. The second-ranked token, Ethereum, once dropped by about 6.9%.

"Cryptocurrencies have reacted negatively to the news of Israel's attack on Iran, consistent with major risk assets," said Caroline Mullen, co-founder of crypto derivatives liquidity provider Orbit Markets. "We expect to see technical support around $101,000, but geopolitical news will drive price movements in the short term."