Altcoins Trigger $1B Crypto Crash Amid Rising Tensions

The post Altcoins Trigger $1B Crypto Crash Amid Rising Tensions appeared on BitcoinEthereumNews.com. Turmoil in the Middle East caused a $1 billion crypto meltdown, which affected altcoins.  Bitcoin fell to $103.2K, now trades at $105,015.36, up 0.65%. Ethereum dropped 7.8% to $2,458, now at $2,531.37, up 0.54%. Altcoins spearheaded a sharp cryptocurrency market crash, as more than $1 billion worth of liquidations occurred due to the rising geopolitical tensions. The airstrike by Israel on Iran really shook the world markets, causing investors to dump risky assets. Crypto market longs totaling $1.15 billion got liquidated, and the altcoins felt the heat of sellers. Before the attack, Bitcoin, the biggest cryptocurrency, traded between $110,000 and $108,000. It dropped to a low of $103,200 and is now changing hands at $105,015.36, representing a gain of 0.65% in the last week. Altcoins, however, faced steeper declines, amplifying the market’s volatility. The second-largest cryptocurrency, Ethereum, plunged by 7.8% after the attack, costing above $2,800 on June 11 to $2,458. Currently, it is at a price of $2,531.37 and has gained a bit, by 0.54 percent, in the last seven days. Altcoins that fall into the categories of Solana and XRP also saw significant losses.  The crypto sell-off was aggravated by the scramble to safe-haven assets like gold and the U.S. dollar. Stablecoins, which are anchored against the dollar, offered investors some reprieve despite the mayhem in the markets. Geopolitical Tensions Fuel Market Volatility The Israeli attack on Iranian military and nuclear facilities raised the possibility of an Israeli retaliation. The attack followed the reports of Iran not complying with the restriction on uranium enrichment, and the world trembled at the prospect of a broader war. This geopolitical anxiety impelled investors out of volatile investments, including cryptocurrencies. Bitcoin fairly held up well, declining by only 2.2 percent in comparison to the greater losses suffered by altcoins. It, however, fell…

Jun 15, 2025 - 12:00
 0  2
Altcoins Trigger $1B Crypto Crash Amid Rising Tensions

The post Altcoins Trigger $1B Crypto Crash Amid Rising Tensions appeared on BitcoinEthereumNews.com.

Turmoil in the Middle East caused a $1 billion crypto meltdown, which affected altcoins.  Bitcoin fell to $103.2K, now trades at $105,015.36, up 0.65%. Ethereum dropped 7.8% to $2,458, now at $2,531.37, up 0.54%. Altcoins spearheaded a sharp cryptocurrency market crash, as more than $1 billion worth of liquidations occurred due to the rising geopolitical tensions. The airstrike by Israel on Iran really shook the world markets, causing investors to dump risky assets. Crypto market longs totaling $1.15 billion got liquidated, and the altcoins felt the heat of sellers. Before the attack, Bitcoin, the biggest cryptocurrency, traded between $110,000 and $108,000. It dropped to a low of $103,200 and is now changing hands at $105,015.36, representing a gain of 0.65% in the last week. Altcoins, however, faced steeper declines, amplifying the market’s volatility. The second-largest cryptocurrency, Ethereum, plunged by 7.8% after the attack, costing above $2,800 on June 11 to $2,458. Currently, it is at a price of $2,531.37 and has gained a bit, by 0.54 percent, in the last seven days. Altcoins that fall into the categories of Solana and XRP also saw significant losses.  The crypto sell-off was aggravated by the scramble to safe-haven assets like gold and the U.S. dollar. Stablecoins, which are anchored against the dollar, offered investors some reprieve despite the mayhem in the markets. Geopolitical Tensions Fuel Market Volatility The Israeli attack on Iranian military and nuclear facilities raised the possibility of an Israeli retaliation. The attack followed the reports of Iran not complying with the restriction on uranium enrichment, and the world trembled at the prospect of a broader war. This geopolitical anxiety impelled investors out of volatile investments, including cryptocurrencies. Bitcoin fairly held up well, declining by only 2.2 percent in comparison to the greater losses suffered by altcoins. It, however, fell…

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow