The world is still waiting for Iran's response following the confirmation of the Israeli attack on Friday, June 13, 2025, which reportedly killed Iranian Revolutionary Guard Commander (IRGC) Hossein Salami and targeted important facilities. This incident has triggered panic selling in the global market, with the crypto market being one of the most directly affected.
Current Situation: After the Attack, Awaiting Iran's Response
After the reported Israeli attack targeting Iranian nuclear and military facilities, killing key figures, global attention is now focused on Tehran. The Iranian military has stated it will respond "hard and firmly," and intelligence reports indicate that this response could come in the form of ballistic missile strikes.
Key Points of Market Developments (as of the afternoon of June 13, 2025 WIB):
* Oil Prices Soar Drastically: Concerns over oil supply disruptions from the Middle East have caused crude oil prices to spike more than 10% in intraday trading, reaching levels not seen in recent years. This raises prospects for global inflation.
* Stock Markets Under Strong Pressure: Stock markets in Asia and Europe have been observed to experience sharp corrections. Major indices show significant declines as investors offload risk assets.
* US Dollar Strengthens and Gold Soars: The US dollar, as a safe-haven currency, continues to strengthen. Meanwhile, gold has experienced a substantial price surge, reaching new record highs, indicating a flow of capital into assets considered safe.
Direct Impact on the Crypto Market: Bitcoin on the Edge
The crypto market reacts quickly to this escalation news, showing high sensitivity to geopolitical uncertainty:
* Bitcoin (BTC) Hit Hard: Bitcoin has experienced a significant correction, dropping more than 15% from its peak in the last few hours. BTC prices struggle to maintain critical support levels, with extremely strong selling pressure. This indicates that in extreme geopolitical situations, Bitcoin is still considered a high-risk asset by most investors, who tend to withdraw their liquidity.
* Altcoins Collapse: As usual, altcoins are showing far worse performance compared to Bitcoin. Many altcoins have experienced larger double-digit declines, with some losing more than 20-30% of their value in a short time. Investors panic sell smaller market-cap assets.
* Fund Flows to Stablecoins: Amid the panic, there has been a significant increase in the trading volume of stablecoins such as USDT and USDC, indicating that investors are pulling out of volatile assets and temporarily parking their funds in more stable assets.
* Inflation & Interest Rate Concerns: The spike in oil prices has triggered fears of worsening global inflation. This may lead central banks, particularly the US Federal Reserve, to likely delay interest rate cuts, or even potentially maintain tight monetary policy for longer, which in turn will pressure risk assets such as crypto.
Brief Conclusion
The Israeli attack on Iran is the main trigger for the turmoil in the global crypto market right now. Bitcoin and altcoins are under intense selling pressure as investors seek safety amid the uncertainty of escalating conflict. Iran's forthcoming response, as well as its impact on oil prices and global monetary policy, will be key determinants of the direction of the crypto market in the coming hours and days.#IranIsraelConflict #war 
