{"id":31658,"date":"2025-06-13T05:16:44","date_gmt":"2025-06-13T05:16:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31658"},"modified":"2025-06-13T05:16:44","modified_gmt":"2025-06-13T05:16:44","slug":"bitcoin-price-crashes-toward-103k-crypto-markets-bleed-s200-billion-after-israel-strikes-iran","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31658","title":{"rendered":"Bitcoin Price Crashes Toward $103K, Crypto Markets Bleed S200 Billion After Israel Strikes Iran"},"content":{"rendered":"<div>\n<p>More than $190 billion has exited crypto markets over the past 12 hours, sending total capitalization tumbling over 7% to $3.36 trillion.<\/p>\n<p>The crypto crash followed news <a href=\"https:\/\/www.bbc.com\/news\/live\/c93ydeqyq71t\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">reports<\/a> that Israel had launched a missile attack on Iranian nuclear sites in a pre-emptive strike.<\/p>\n<p>Israel has declared a state of emergency, saying the country expected counter-attacks \u201cin the immediate future,\u201d reported the BBC.<\/p>\n<p>Meanwhile, Iranian media claims that residential areas in Tehran were hit and civilians were among those killed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: Iran says it will respond \u201charshly\u201d against Israel and the US following tonight\u2019s attacks.<\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1933358291926855865?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">June 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Crypto Assets Crash<\/h2>\n<p>Liquidation data from Coinglass shows that there has been $1 billion in liquidations over the past 12 hours, and almost 250,000 traders were liquidated over the past 24 hours.<\/p>\n<p>More than 90% of those positions were long, and the majority of them were in Bitcoin and Ethereum.<\/p>\n<p>Bitcoin <a href=\"https:\/\/cryptopotato.com\/bitcoin-rejected-at-110k-despite-us-china-trade-deal-and-favorable-cpi-numbers-market-watch\/\" data-wpel-link=\"internal\">led the losses<\/a>, tanking hard and fast in a $5,000 dump from an intraday high of $108,350 to bottom out at $103,000 during Asian trading on Friday morning.<\/p>\n<p>The asset found support there and had reclaimed $104,000 at the time of writing, remaining within its six-week range-bound channel.<\/p>\n<p>Ethereum prices crashed more than 9%, tumbling from $2,760 to bottom out at $2,470 in a matter of hours. The asset had crept back over $2,500, where solid support lies at the time of writing.<\/p>\n<p>Altcoins suffered even more pain with Solana getting smashed 12% in a fall back to $140, Dogecoin dumping 10% in a dip to $0.17, and Cardano crashing 9.5% in a slide to $0.62.<\/p>\n<p>Other altcoins deep in the red include Sui, Chainlink, Avalanche, Shiba Inu, and Hedera.<\/p>\n<p>Nevertheless, losses were not so bad for BNB and Tron, which dipped a couple of percentage points.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Total crypto market cap is down 7.9% to $3.34T amid Middle East tensions.<br \/>\nMeme and Layer 2 categories saw the steepest declines, each falling over 12%.<\/p>\n<p>View breakdown here:<a href=\"https:\/\/t.co\/YqL9362eES\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/YqL9362eES<\/a> <a href=\"https:\/\/t.co\/58V3Ob712L\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/58V3Ob712L<\/a><\/p>\n<p>\u2014 CoinGecko (@coingecko) <a href=\"https:\/\/twitter.com\/coingecko\/status\/1933343306450399315?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">June 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bullish Background Remains<\/h2>\n<p>Despite the geopolitical-driven drop, a bullish background prevails, so a rebound could be likely as Bitcoin and its brethren are often seen as safe havens during periods of turmoil.<\/p>\n<blockquote>\n<p>\u201cAs geopolitical conflicts rise, investors often flee to fiat-based sovereign debt for \u2018safety\u2019. This, of course, is ultimately a mistake, as inevitable money printing and monetary debasement soon follow. Smart investors will flee to assets that cannot be debased. The smartest will buy Bitcoin,\u201d <a href=\"https:\/\/x.com\/jameslavish\/status\/1933354794842009937\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">said<\/a> former hedge fund manager James Lavish.<\/p>\n<\/blockquote>\n<p>The pro-crypto narrative from the United States continues to strengthen with the Securities and Exchange Commission withdrawing a tranche of Gary Gensler-era rules on June 12. Additionally, the US and China struck a <a href=\"https:\/\/cryptopotato.com\/us-china-trade-agreement-announced-cpi-data-released-bitcoins-market-reaction\/\" data-wpel-link=\"internal\">trade deal<\/a> this week as tariff tensions eased.<\/p>\n<p>However, benchmark Brent crude oil prices spiked by more than 8% and gold prices ticked up to $3,440 per ounce on the specter of all-out war.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-crashes-toward-103k-crypto-markets-bleed-s200-billion-after-israel-strikes-iran\/\" rel=\"nofollow\">Bitcoin Price Crashes Toward $103K, Crypto Markets Bleed S200 Billion After Israel Strikes Iran<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than $190 billion has exited crypto markets over the past 12 hours, sending total capitalization tumbling over 7% to $3.36 trillion. The crypto crash followed news reports that Israel had launched a missile attack on Iranian nuclear sites in a pre-emptive strike. Israel has declared a state of emergency, saying the country expected counter-attacks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31658","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31658"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31658\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}