"Crypto Market Sinks as Bitcoin Drops Below $105K and Ethereum Slides 8% — Global Tensions Trigger $1B in Liquidations"

$BTC $ETH $SOL Here’s a clean, chart-free crypto market update for June 13, 2025:

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🧾 Headlines

> "Bitcoin and Ethereum Slide as Geopolitical Tensions Shake Crypto Markets"

🪙 Top Coin Prices (Approximate)

Bitcoin (BTC): $104,800 (▼ 2.7%)

Ethereum (ETH): $2,540 (▼ 7.6%)

Solana (SOL): ~$144 (▼ 8.9%)

XRP: ~$0.47 (▼ 5%)

ENA (Ethena): ~$0.29 (▼ 10%)

📉 Market Summary

The crypto market is down sharply today, with nearly all top 100 coins in the red.

Bitcoin fell below $105K after testing resistance at $110K.

Ethereum dropped under $2,550, pulling altcoins down with it.

Total market cap dropped to around $3.3 trillion.

24h volume surged due to panic trading, between $168B–$350B.

⚠️ Key Reasons for the Drop

1. Geopolitical tension: A military strike involving Israel and Iran triggered global risk aversion. Crypto, like stocks, sold off.

2. Liquidations: Over $1 billion in leveraged positions got wiped out—mostly long trades.

3. Technical resistance: BTC hit a ceiling at $110K and dropped back to key support zones around $102K–$104K.

💬 Market Mood

Sentiment: Cautious, bordering on fear.

Risk appetite: Low; investors moving funds to gold and stablecoins.

Analysts say: Unless Bitcoin breaks back above $106K–$108K, more downside risk exists.

📌 What to Watch Next

Whether Bitcoin can hold above $100K.

If Ethereum stays above $2,400.

Any new developments in the Middle East that could worsen or calm the markets.

Upcoming Fed or macroeconomic news that could shift momentum.