{"id":53507,"date":"2025-06-13T07:01:39","date_gmt":"2025-06-13T07:01:39","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53507"},"modified":"2025-06-13T07:01:39","modified_gmt":"2025-06-13T07:01:39","slug":"crypto-market-loses-over-1-billion-as-israel-attacks-iran","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53507","title":{"rendered":"Crypto Market Loses Over $1 Billion as Israel Attacks Iran?"},"content":{"rendered":"<ul class=\"in-brief-block\">\n<li class=\"in-brief-block__row\">$1.1 billion liquidated from the crypto market in 24 hours after Israel&#8217;s reported pre-emptive strike on Iran.<\/li>\n<li class=\"in-brief-block__row\">Bitcoin fell 3.5%, dropping from over $108,000 to $104,112; altcoins like FARTCOIN and ENA saw sharper losses.<\/li>\n<li class=\"in-brief-block__row last\">Analysts debate Bitcoin\u2019s role as a safe haven, with some predicting long-term recovery, while others see it as a risk asset like tech stocks.<\/li>\n<\/ul>\n<p><strong>Earlier today, Israel launched a \u2018pre-emptive strike\u2019 on Tehran and declared a state of emergency. This rapid escalation of the conflict drove the crypto market into a freefall.<\/strong><\/p>\n<p>Over the past 24 hours, total liquidations amounted to $1.15 billion. Additionally, the overall market is down by 6.6%.<\/p>\n<h2 id=\"h-crypto-market-plunges-amid-israel-iran-conflict\" class=\"bic-gutenberg-heading wp-heading wp-block-heading\">Crypto Market Plunges Amid Israel-Iran Conflict<\/h2>\n<p>According to\u00a0CNN,\u00a0Israel\u2019s strikes targeted Iran\u2019s nuclear program\u00a0and missile capabilities, affecting dozens of locations. The attack reportedly eliminated Iran\u2019s top military leaders and senior nuclear scientists.\u00a0It was confirmed that General Hossein Salami, the Commander-in-Chief of Iran\u2019s Islamic Revolutionary Guard Corps (IRGC), was killed.<\/p>\n<blockquote class=\"max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cIran\u2019s state television says Deputy Commander in Chief of all Armed Forces, General Gholam Ali Rashid, has been killed, along with nuclear scientist Fereydoon Abbasi,\u201d The Kobeissi Letter\u00a0posted.<\/p><\/blockquote>\n<p>To prepare for potential retaliation, Israel has declared a state of emergency, closing schools, banning gatherings, and mobilizing tens of thousands of soldiers.<\/p>\n<p>Furthermore, Iran is preparing a \u2018lethal\u2018 response against Israel following the attacks. It has already appointed General Vahidi, the former head of the Quds Force, as the new commander of the IRGC.<\/p>\n<p>Admiral Habibollah Sayyari has succeeded the late General Bagheri as the acting Commander-in-Chief of the Armed Forces of the\u00a0Islamic Republic of Iran.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Statement No. 1 of the General Staff of the Armed Forces<\/p>\n<p>In the early hours of Friday, 23 Khordad (June 12), the Zionist regime carried out an aggressive and reckless attack on several areas of the country, including both civilian and military zones. This assault resulted in\u2026\u00a0pic.twitter.com\/TyQtkxPMmU<\/p>\n<p>\u2014 Iran Military (@IRIran_Military)\u00a0June 13, 2025<\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The rising tension between the two nations has caused significant turbulence in the market. Dow Jones Industrial Average\u00a0futures\u00a0fell\u00a0by 1.3%, S&amp;P 500 futures\u00a0dropped\u00a01.4%, and Nasdaq 100 futures\u00a0plunged\u00a0by 1.6%.<\/p>\n<p>Meanwhile, the\u00a0crypto market wasn\u2019t spared. Earlier on Thursday, BeInCrypto reported that any escalation in the\u00a0Iran-Israel conflict would significantly impact the crypto market\u00a0due to FUD. This materialized as the latest data showed that the crypto market depreciated by 6.6%.<\/p>\n<p>Nine of the top ten coins saw losses over the past day. Bitcoin (BTC) nosedived from over $108,000 to $104,112. However, altcoins suffered the harshest blow.<\/p>\n<p>Solana\u00a0(SOL) lost nearly 10% over the past day. Ethereum (ETH) trailed closely with a 9.3% downtick. Among the top 100 coins, Fartcoin (FARTCOIN) and Ethena (ENA) stood out for double-digit losses of 17.3% and 15.9%, respectively.<\/p>\n<p>These declines forced 247,769 traders out of their positions over the past 24 hours. According to Coinglass data, $1.15 billion\u00a0has been liquidated from the crypto market.<\/p>\n<p>Bitcoin faced $427.75 million in long and $19.10 million in short liquidations. Ethereum followed with $244.74 million in long liquidations and $43.57 million in short liquidations, highlighting the scale of market turmoil.<\/p>\n<p>Nonetheless, the conflict drove oil and gold up. Oil prices spiked by more than 10%. U.S. West Texas Intermediate\u00a0rose\u00a0to $74.99 per barrel, marking a 10.21% uptick.<\/p>\n<h2 id=\"h-analysts-divided-over-israel-iran-conflict-s-impact-on-crypto\" class=\"bic-gutenberg-heading wp-heading wp-block-heading\">Analysts Divided Over Israel-Iran Conflict\u2019s Impact on Crypto<\/h2>\n<p>As Iran prepares for retaliatory actions, it\u2019s clear that the impact will be felt across markets. Amid this\u00a0volatility, the cryptocurrency market, particularly Bitcoin, has become a focal point of debate among analysts.<\/p>\n<p>Opinions are sharply\u00a0divided on its role as a \u201cdigital gold\u201d during geopolitical crises. Veteran economist Peter Schiff argued that Bitcoin\u2019s price drop contrasts starkly with gold\u2019s rise as investors sought safe havens.<\/p>\n<blockquote class=\"max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cBitcoin\u2019s failure to rise against gold\u2014despite over 3.5 years of hype, including a dozen ETFs, Super Bowl ads, El Salvador, NFTs, tens of billions of leveraged buying by MSTR, other Bitcoin treasury companies, the election of a Bitcoin president, and the establishment of a Bitcoin Strategic Reserve\u2014is strong evidence that the bubble has peaked,\u201d Schiff\u00a0said.<\/p><\/blockquote>\n<p>Another analyst echoed his view, claiming that Bitcoin is not a safe haven but more akin to a tech stock.<\/p>\n<blockquote class=\"max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cIt is important to understand that Bitcoin shows its true colors as Israel attacks Iran. It is not an alternative-currency, it is not a safe haven, it is a risk asset, just like another tech stock, that will decline when the market goes to a risk-off posture,\u201d the\u00a0post\u00a0read.<\/p><\/blockquote>\n<p>However, crypto advocate Anthony Pompliano\u00a0maintained an optimistic outlook. Drawing parallels to an earlier incident when Iran launched 300 missiles at Israel, Pompliano noted that Bitcoin rebounded to outperform both oil and gold.<\/p>\n<blockquote class=\"max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cBitcoin ended up outperforming the other two over the first 48 hours in that situation. Will be interesting to see what happens here,\u201d Pompliano\u00a0stated.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>$1.1 billion liquidated from the crypto market in 24 hours after Israel&#8217;s reported pre-emptive strike on Iran. Bitcoin fell 3.5%, dropping from over $108,000 to $104,112; altcoins like FARTCOIN and ENA saw sharper losses. Analysts &hellip; <a title=\"Crypto Market Loses Over $1 Billion as Israel Attacks Iran?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53507\"><span class=\"screen-reader-text\">Crypto Market Loses Over $1 Billion as Israel Attacks Iran?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Market Loses Over $1 Billion as Israel Attacks Iran? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53507\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Market Loses Over $1 Billion as Israel Attacks Iran? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"$1.1 billion liquidated from the crypto market in 24 hours after Israel&#8217;s reported pre-emptive strike on Iran. 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Bitcoin fell 3.5%, dropping from over $108,000 to $104,112; altcoins like FARTCOIN and ENA saw sharper losses. 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