Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt
The post Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt appeared on BitcoinEthereumNews.com. A sudden wave of selling hit crypto markets in the early hours of Friday, as reports of an Israeli airstrike on Iran set off fresh jitters. Bitcoin sank 5%, slipping under the $104,000 mark. Altcoins fared worse, with losses ranging from 6% to 9%. Based on reports from Coinglass, more than $1 billion was wiped out in liquidations, over $1 billion of which were long positions. Rising Tensions Shake Global Markets According to market watchers, the strike prompted a swift move into safe assets. S&P 500 futures tumbled 1.9%, while oil and gold jumped sharply. WTI crude climbed more than 12%, reaching about $77 per barrel. Gold surged past $3,400 an ounce as investors sought shelter. Crypto Traders Feel The Heat Arthur Hayes, the ex-CEO of BitMEX, warned of rough waters ahead. “Hold on to your butts out there, degens,” he wrote after the crash. He also pointed to US President Donald Trump’s planned tariffs as an added layer of risk. Ethereum slid 8% down to $2,505, right at a key support level. Other coins fell up to 10% in just a few hours. BREAKING: S&P 500 futures extend losses to -1.9% following Israel’s attack on Iran. pic.twitter.com/QaLtjbcii6 — The Kobeissi Letter (@KobeissiLetter) June 13, 2025 Safe Havens Caught In The Crossfire Based on reports, gold and oil didn’t hold back. Oil prices have climbed about 30% since May lows, analysts say. Anyone betting on lower inflation or early rate cuts may have to rethink things. Gold’s climb suggests that many feel uneasy about what comes next. Even so, some expect this spike to calm once tensions ease. What Comes Next For Crypto Short-term views remain mixed. Some traders see this as a knee-jerk reaction and expect a rebound once headlines fade. Others warn that the US CPI release later…
The post Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt appeared on BitcoinEthereumNews.com.
A sudden wave of selling hit crypto markets in the early hours of Friday, as reports of an Israeli airstrike on Iran set off fresh jitters. Bitcoin sank 5%, slipping under the $104,000 mark. Altcoins fared worse, with losses ranging from 6% to 9%. Based on reports from Coinglass, more than $1 billion was wiped out in liquidations, over $1 billion of which were long positions. Rising Tensions Shake Global Markets According to market watchers, the strike prompted a swift move into safe assets. S&P 500 futures tumbled 1.9%, while oil and gold jumped sharply. WTI crude climbed more than 12%, reaching about $77 per barrel. Gold surged past $3,400 an ounce as investors sought shelter. Crypto Traders Feel The Heat Arthur Hayes, the ex-CEO of BitMEX, warned of rough waters ahead. “Hold on to your butts out there, degens,” he wrote after the crash. He also pointed to US President Donald Trump’s planned tariffs as an added layer of risk. Ethereum slid 8% down to $2,505, right at a key support level. Other coins fell up to 10% in just a few hours. BREAKING: S&P 500 futures extend losses to -1.9% following Israel’s attack on Iran. pic.twitter.com/QaLtjbcii6 — The Kobeissi Letter (@KobeissiLetter) June 13, 2025 Safe Havens Caught In The Crossfire Based on reports, gold and oil didn’t hold back. Oil prices have climbed about 30% since May lows, analysts say. Anyone betting on lower inflation or early rate cuts may have to rethink things. Gold’s climb suggests that many feel uneasy about what comes next. Even so, some expect this spike to calm once tensions ease. What Comes Next For Crypto Short-term views remain mixed. Some traders see this as a knee-jerk reaction and expect a rebound once headlines fade. Others warn that the US CPI release later…
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