The cryptocurrency market faced significant volatility on June 13, 2025, with total market capitalization falling by 4% to $3.24 trillion, following Israel's military strikes on Iran. The geopolitical tensions contributed to a risk-off sentiment among investors, leading to sharp declines in asset prices, including major cryptocurrencies. Bitcoin dropped as much as 5.6% to $102,700, while Ethereum plummeted by 9.4%. Additionally, over $1.15 billion worth of crypto futures positions were liquidated, including $1 billion in long positions, heightening market fear. Analysts noted that despite the drop, technical indicators suggest the overall uptrend in the market remains intact, characterized by a bull flag pattern. Market conditions continue to favor the upside, although a close below $3.1 trillion could instigate further sell-offs, potentially targeting lower support levels. Investors are advised to monitor developments closely as the situation evolves.

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