🔥Latest news in the past 24 hours🔥
🌍 1. Spotlight: Tensions between Israel and Iran.
Israel conducted airstrikes on Iran's nuclear and military facilities during the night of June 12-13, causing the markets to enter a risk-off state. Bitcoin dropped by about 3-4%, currently trading around 104k - 105k USD.
Ethereum, XRP, and Solana also saw significant declines: approximately -7%, -5%, -9-10%, respectively.
The total crypto market capitalization decreased by about 5-6% (equivalent to 3.4 → 3.2 trillion USD).
💸 2. Liquidation of large leveraged positions.
Over 1.15 billion USD in leveraged positions were liquidated in the past 24 hours, primarily long positions (~1.1 billion USD).
A “whale” sent 1,000 BTC (~106 million USD) to the Binance exchange, possibly as a profit-taking move during this high volatility period.
🏛️ 3. Positive policy signals from the United States.
On the other hand, the market reacted positively to the CLARITY Act (regulating the crypto market) and the GENIUS Act (stabilizing stablecoins) which are progressing quickly in the US Congress; the CFTC is also appointing new leadership, raising hopes for a clearer regulatory framework.
Galaxy Digital (CEO Mike Novogratz) considers this a “critical moment” as institutional investment funds and blockchain infrastructure mechanisms are being accelerated.
💥Hope the summarized news helps you in your investment decisions💥