{"id":31714,"date":"2025-06-13T12:02:06","date_gmt":"2025-06-13T12:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31714"},"modified":"2025-06-13T12:02:06","modified_gmt":"2025-06-13T12:02:06","slug":"crypto-daybook-americas-bitcoin-weathers-market-rout-as-israel-hits-iran","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31714","title":{"rendered":"Crypto Daybook Americas: Bitcoin Weathers Market Rout as Israel Hits Iran"},"content":{"rendered":"
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By Francisco Rodrigues(All times ET unless indicated otherwise)<\/p>\n

Cryptocurrencies slid as Israeli airstrikes on Iran’s nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets.<\/p>\n

The CoinDesk 20 Index (CD20<\/a>), a measure of the broad crypto market, lost 6.1% over 24 hours, and bitcoin (BTC), seen by some as a haven<\/a> investment, dropped 2.9%. Gold futures, a more traditional refuge, rose 1.3% from their close.<\/p>\n

Israeli Prime Minister Benjamin Netanyahu said the overnight attack<\/a>, which also targeted Iran’s top military leaders, was aimed at rolling back Iran\u2019s nuclear program and missile capabilities. Iran, which has repeatedly called for Israel’s destruction<\/a>, responded by launching 100 suicide drones toward Israeli territory, though a more concerted reaction is anticipated.<\/p>\n

The strike came less than 24 hours after the International Atomic Energy Agency said Iran was not complying<\/a> with uranium enrichment limits. The U.S. said it was not involved in the attack, which killed some of Iran\u2019s military leaders.<\/p>\n

The escalation saw risk assets across the board plunge. Japan\u2019s Nikkei dropped around 0.9%, U.S. index futures fell 1.2% and the Euro Stoxx 50 lost 1.35%. U.S. crude oil futures, on the other hand, rose more than 6% to $73, with Brent crude spiking 14% at one point. Gold surged to $3,445 per ounce, approaching its all-time high.<\/p>\n

Cryptocurrencies’ declines dashed gains eked out earlier in the week on the back of ETF approval speculation. Solana’s sol SOL, in particular, had rallied on reports <\/a>the SEC asked ETF issuers to update their S-1 filings, potentially accelerating the launch timeline. SOL is down nearly 9.5% in the last 24 hours. <\/p>\n

\u201cOvernight, reports surfaced that the SEC has asked Solana ETF issuers to update S-1 filings, triggering a sharp rally in SOL,\u201d Jake Ostrovskis, an OTC trader at Wintermute, told CoinDesk.<\/p>\n

\u201cBloomberg ETF analysts Eric Balchunas and James Seyffart remain optimistic, assigning a 90% probability of approval by year-end, with potential approvals coming as soon as July or within three to five weeks of the updated filings,\u201d Ostrovskis said.<\/p>\n

As a result, he said, the market is \u201cnow relatively underexposed to\u00a0SOL\u00a0and related assets, which makes the current setup particularly interesting to watch.\u201d<\/p>\n

Despite the optimism and growing inflows into spot crypto ETFs, with BTC funds bringing in $939 million month-to-date and ETH seeing $811 million in net inflows, investors are now focused on the Middle East.<\/p>\n

Polymarket traders are weighing a 91% chance<\/a> that Iran will retaliate against Israel this month, while the perceived odds of U.S. military action<\/a> against Iran jumped from a mere 4% to 28%. Stay alert!<\/p>\n

What to Watch<\/strong><\/h2>\n