#IsraelIranConflict

Bitcoin Drops as Geopolitical Tensions Rise: Israel-Iran Conflict Shakes Crypto Markets

The crypto market took a sharp hit today as escalating tensions between Israel and Iran sent shockwaves across global financial systems. Bitcoin (BTC) tumbled to around $104,500, briefly dipping near $102,500, following Israel’s airstrikes on Iranian military and nuclear sites on June 13. This sudden risk-off sentiment triggered more than $1 billion in crypto liquidations, including nearly $450 million in Bitcoin long positions, marking one of the largest single-day wipeouts in recent months.

Altcoins followed suit—Ethereum fell by over 7%, Solana dropped 8–9%, and XRP slid around 4%, reflecting a broader market downturn. Interestingly, traditional safe-haven assets such as gold, oil, and the US dollar surged, highlighting that Bitcoin, often dubbed "digital gold," is still behaving like a high-risk asset during global crises.

While volatility remains high in the short term, historical data suggests crypto markets tend to recover in the months following geopolitical shocks. Bitcoin has found temporary support near the 50-day moving average, and traders are now eyeing the $105K–$106K zone for signs of stabilization.

The current situation serves as a reminder: Bitcoin may be a long-term hedge against inflation or monetary instability, but in the immediate aftermath of military conflict, it still behaves like a speculative asset—not a refuge. Keep watching key support levels and stay cautious, especially if the situation in the Middle East escalates further.