Written by Arjan Schreur on June 13, 2025.
The global cryptomarkt had a strong blow on 13 June after Israel carried out a military attack on goals in Iran. The total market value of all cryptocurrencies fell by more than 4% to around $ 3.24 trillion. This price fall is mainly attributed to geopolitical uncertainty, in which investors resort to safer assets such as gold and oil.
Israel attacks Iranian goals: investors flights from risky assets
According to Israeli Prime Minister Benjamin Netanyahu, the attacks focused on Iran’s nuclear program and other strategic locations within the country. Netanyahu indicated that the military operation continues until “the threat has been removed”. The fear of escalation of the conflict has not only shocked the cryptomarket, but also traditional financial markets.
The unrest led to an immediate capital flight from risky investments such as cryptocurrencies. The Price of Bitcoin fell by almost 5.6% to $ 102,700 before it recovered slightly to just above $ 104,000. Ethereum Even fell by 9.4% to a low of $ 2,400. Other coins such as XRP in Solana Lost 5.8% and 9.6% in value respectively.

Golf of liquidations worsens the price fall
In addition to the geopolitical tensions, the futures market also played a role in the sharp decrease. In the last 24 hours, more than $ 1.15 billion was liquidated in crypto-futures. Of these, the majority – about $ 1 billion – consisted of lung positions, which means that many investors speculated on a further increase in the market.
Bitcoin and Ethereum were the hardest affected by $ 448 million and $ 288 million in liquidations respectively. Solana followed with $ 52 million, while Dogecoin And XRP also saw tens of millions of positions lost. This type of massive liquidations creates panic and strengthens downward pressure on the rates.
Rank | Name | Price | Market Cap | Hight (24Hr) | Supply | Volume (24Hr) | Change (24Rh) |
---|
Technical image: Correction within upward trend?
Despite the fierce relapse, technical indicators indicate that the general upward trend on the cryptomarkt has not yet been fully broken. The total market value of cryptocurrencies was in a strong increase of more than 50%since March, with a peak at $ 3.5 trillion in mid -May.
The current price movements fit within a so-called “Bull Flag” pattern on the weekly graph. If the market succeeds again above the upper trend line of this pattern – currently around $ 2.35 trillion – this can clear the way for an increase in $ 5.05 trillion. However, with a weekly final race under $ 3.1 trillion, the risk of a further decrease in the 50-day progressive average is around $ 2.75 trillion or even the base of the pattern at $ 2.31 trillion.
Analysts remain divided over the prospects
Opinions among prominent crypto analysts are divided on social media. Michaël van de Poppe, a well-known Dutch crypto investor, sees the current dip as an opportunity. “Wars are moments to buy the dip,” he wrote on X. “Panic often causes irrational behavior, which creates the best opportunities.”
Wars are moments to be buying the dips, as panic increases and times of extreme emotional behavior provide the best opportunities possible.
I assume we’ll be bouncing back over the course of the next days with #Bitcoin and #Ethereumso that means buying the dip.
– Michaël van de Poppe (@Cryptomichnl) June 13, 2025
Daan Crypto Trades is more careful. He notes that Bitcoin recently tested an important price range and that the price fluctuations had already been initiated by news reports in the days before the attack. “Bulls could never have fallen below $ 108,000,” said Daan. He regards the current market movement as a “deviation within a larger range” and sees the coming summer season as a possible ‘choppy’ commercial climate: full of lateral and unpredictable movements.
$BTC Saw a clean trigger on that retest of the range high as per the scenario discussed.
Quick move after that which was obviously “helped” by the headlines although the news was looming already with the past 48 hours of headlines which is also why price started selling of… https://t.co/AfRJaDjt01 pic.twitter.com/lf4pPBCNWi
— Daan Crypto Trades (@DaanCrypto) June 13, 2025
$BTC Took the liquidity above and below in this local price range.
Already starting to trade more like the choppy (pre)summer environment I imagined it to be. This is usually the case and is still my base case.
Don’t chop yourself up in the next few weeks/months. pic.twitter.com/UcKBYZVqNV
— Daan Crypto Trades (@DaanCrypto) June 13, 2025
Safer ports gain strength
While the Cryptomarkt wrote red figures, traditional safe ports achieved terrain gain. The oil price rose above $ 72 per barrel – the highest level in four months – and also gold and government bonds saw an increase in question. “The market seems to be praising a new war,” said The Kobeissi Letter in one message On X.
Preview: correction or harbinger of more unrest?
The coming trade weekend will be crucial for the market sentiment. If the geopolitical tensions persist or escalate, that could increase the risk aversion among investors. At the same time, a rapid diplomatic cooling could lead to a powerful recovery, especially in view of the strong technical substantiation of the earlier upward trend.
For now, investors look like their care: caution and tactical actions dominate the market again.
Discover more from PassionateGeekz
Subscribe to get the latest posts sent to your email.