How the Iran–Israel War Is Shaking the Crypto Market – A Binance Square Analysis$BTC $ETH
1. Geopolitical volatility → crypto downturns
On June 13, Israeli airstrikes on Iranian nuclear and military sites triggered a risk-off wave. Bitcoin plunged over 4%, slipping from ~$108K to ~$103.5K; Ethereum dropped ~7%, and $1–1.2 billion in long positions were liquidated within a day .
This mirrored historical patterns—like similar dips in October 2023 after Hamas‑Israel escalation .
2. Safe-haven rotation
Traditional assets surged: the U.S. dollar, gold, and Treasuries rallied as investors fled riskier holdings .
Even crypto assets widely viewed as safer—like BNB and gold-backed tokens—showed relative stability or minor gains .
3. Cyber‑war and infrastructure threats
Pro‑Israeli hackers (Predatory Sparrow) have hit Iran’s Nobitex platform, stealing ~$90–100 million and prompting near-total internet blackouts .
These attacks underscore how geopolitical friction can spill into crypto infrastructure—raising concerns about exchange resiliency and cross-border internet dependence.
4. Intermediate stabilization & support levels
By June 18, BTC and ETH steadied—Bitcoin hovering above its $102.6K support line; ETH and XRP remained rangebound .
Wider crypto market capitalization recovered partially to ~$3.3 trillion, signaling resilience even amid uncertainty .
5. Macro factors layered on geopolitical risk
Rising oil prices (up 7–11%) and inflation worries may pressure Federal Reserve policy, reinforcing investor caution .
Meanwhile, the Senate’s passage of the Genius Act for stablecoin regulation buoyed crypto sentiment—supported by a crypto‑market rebound in risk‑on periods .
