Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches ‘Premptive Strike’ Against Iran: Analyst Foresees ‘Lower Levels’ For ETH If It Fails To Hold This Support
Posted On June 13, 2025
Leading cryptocurrencies nosedived Thursday as geopolitical tensions escalated following Israel’s military strikes on Iran.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -4.51% | $103,584.63 |
| Ethereum (CRYPTO: ETH) |
-8.70% | $2,524.72 |
| Dogecoin (CRYPTO: DOGE) | -4.19% | $0.1879 |
What Happened: Bitcoin crashed below $104,000 overnight, sending the larger cryptocurrency market into collapse.
Ethereum‘s decline was steeper, as it sank over 9% in the last 24 hours below $2,550. The second-largest cryptocurrency eroded the gains it made after the rally to $2,860. Dogecoin was also down over 4%.
The meltdown comes after Israel launched what it said was a “preemptive strike” against Iran, according to Defense Minister Israel Katz, reported CNN. Katz said retaliatory strikes on Israel are expected.
Over $1 billion was liquidated from the cryptocurrency market in the last 24 hours, …
About The Author
