Crypto market slides as Israel strikes Iran, tensions rise
The cryptocurrency market plunged on Friday June 13, while the increase in geopolitical tensions in the Middle East was shaking investors.
Following news according to which Israel had launched a major military operation against Iran, digital assets fell sharply. The total market capitalization of cryptography has dropped 7% in the last 24 hours to 3.3 billions of dollars.
Bitcoin (BTC) decreased by around 5%, negotiating $ 103,464 from press time. Ethereum (Ethn) dropped from 10% to $ 2,471, while Solana (GROUND) dropped from 11% to $ 141. XRP (Xrp) and BNB (Bnb) also lost ground, down 6% and 4% respectively.
Coininglass data show that cryptographic liquidations crowded 125% in a single day, reaching $ 1.2 billion. The interests open on the Crypto -term markets dropped by 9.7% to $ 142 billion, while the relative force index increased to 28, indicating that the market had entered the territory of occurrence.
Despite the sale, the Crypto Fear & Greed index, compiled by the alternative software company, remained in the “GREED” zone at 61 down 10 points the day before. The drop in feeling reflects the uncertainty of investors, because traders evaluate the risk of broader conflict.
The bustle of the market followed an attack early in the morning by Israel against Iran. According to a reuters reportIsraeli forces have reached several high -value targets, including uranium enrichment facilities in Natanz, ballistic missile production sites and the seat of the Iranian elite revolutionary guard in Tehran. The Iranian state media reported the death of General Hossein Salami and civilian victims, including children.
Israeli Prime Minister Benjamin Netanyahu said strikes the start of the “Rising Lion operation”, a campaign to neutralize Iran’s nuclear threat. Israel has declared the state of emergency, closed its main airport and increased the air defenses in anticipation of reprisal attacks.
Iran has promised a “severe response”. US Secretary of State Marco Rubio has confirmed that the United States was not involved in the strike, stressing that US priorities reside in the protection of its forces in the region.
Apart from cryptocurrencies, traditional financial markets also brought weight. US stock contracts have dropped 1.5% between the main clues, and European markets have opened the decline by similar margin. Meanwhile, safety heaps have increased slightly.
Gold increased by $ 3,428 by $ 3,428, and the 10 -year -old treasure yield dropped to 4.32%. Brut oil, often considered as a geopolitical risk indicator, jumped approximately 10% to $ 74 per barrel, according to data of Market Watch.
With tensions The climbing and potential for the rise of regional war, crypto and world markets could see volatility continues. Risk appetite can weaken more, pushing capital into safer and more liquid assets until the situation stabilizes.
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