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Coin Edition 2025-06-13 09:30:00

Crypto Crash Caused by Israel-Iran Conflict: Prices of Bitcoin, Ethereum, and XRP Drop Sharply

Crypto Crash Caused by Israel-Iran Conflict: Prices of Bitcoin, Ethereum, and XRP Drop Sharply

Bitcoin tumbled below $104K after Israel’s strike on Iran triggered $427M in long liquidations. Binance Net Taker Volume hit -$197M, signaling panic selling and potential bottom conditions. XRP futures saw $7.63M in long liquidations despite positive news, crashing over 5%. Reports of Israeli airstrikes on Iran have triggered a sharp sell-off across the cryptocurrency market, leading to the liquidation of hundreds of millions in long positions. Bitcoin, Ethereum, and XRP bore the brunt of the sell-off, plunging massively in a matter of hours. The market action reflects a classic flight to safety, with investors seeking refuge in traditional hedges like crude oil while trimming exposure to digital assets. Bitcoin Plunges; Triggers $428 Million in Long Liquidations Bitcoin (BTC), which just days ago flirted with record highs near $111,000, collapsed 2.8% in under two hours following reports of Israeli airstrikes on Tehran late Thursday night. The cryptocurrency dropped from $106,042 to $103,053 before stabilizing near $104,370 by the time of publication, according to CoinMarketCap data . The geopolitical shock caught many traders flat-footed. In the pas… The post Crypto Crash Caused by Israel-Iran Conflict: Prices of Bitcoin, Ethereum, and XRP Drop Sharply appeared first on Coin Edition .

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