Crypto market slides as Israel strikes Iran, tensions rise
The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors.
Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion.
Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively.
Data from CoinGlass shows that crypto liquidations surged 125% in a single day, reaching $1.2 billion. Open interest across crypto futures markets fell 9.7% to $142 billion,…
