The Israeli airstrikes on Iran on June 13, 2025, triggered sharp changes in the crypto market. This event initiated volatility affecting major cryptocurrencies like Bitcoin and Ethereum.
Market Reaction: A Risk-Off Selloff
Immediately after the strikes on Iranian nuclear facilities and military bases, cryptocurrencies reacted sharply. The total market capitalization of cryptocurrencies dropped by 5.28%, losing approximately $140 billion in just 24 hours.
Bitcoin's Price Surge Amid Volatility
Bitcoin experienced a sharp decline, falling to below $95,000, but managed to recover to $104,676 by the end of the day. This indicates its resilience despite short-term price fluctuations.
Ethereum and Solana: Wrestling with Market Swings
Ethereum struggled during this period, dropping nearly 9% to $2,489 before stabilizing at $2,539. Solana experienced significant fluctuations, dipping to $141 before recovering to $145.52.
The Israel-Iran conflict has once again demonstrated the volatile nature of crypto markets. While major cryptocurrencies faced short-term challenges, other assets managed to benefit from the turmoil. Investors must remain vigilant and flexible in their trading strategies.
