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Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE) took the heaviest hits after Israel’s air strikes on Iran’s nuclear and ballistic missile sites rattled markets.
The crypto market slumped 4% overall after Israel’s attacks prompted Iran to launch drone strikes in retaliation. Supreme Leader Ayatollah Ali said Israel would ”pay a very heavy price.”
Prime Minister Netanyahu:
“Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel’s very survival.This operation will continue for as many days as it takes to remove this threat.” pic.twitter.com/3c8oF1GCYa
— Prime Minister of Israel (@IsraeliPM) June 13, 2025
Crypto Fear And Greed Index Slides 10 Points As Bitcoin Tumbles
Solana led losers among the top 10 cryptos with an 8.4% plunge, followed by Ethereum (7.7%), and Dogecoin (7.6%). Bitcoin tumbled 2.4% to trade at $105,046 as of 4:10 a.m. EST after slumping to an intraday low of $102,822.03 amid escalating Middle East tensions.
The Crypto Fear and Greed Index, a gauge of sentiment in the crypto market, plummeted 10 points in the past 24 hours. The slide shows investors slashing their exposure to risk-on assets.
24-Hour Crypto Liquidations Top $1.1 Billion After Israel Strike
Crypto long positions were hit hard, with total liquidations reaching $1.16 billion during the past 24 hours, according to data from Coinglass. Long trades accounted for the majority of these positions, with around $1.04 billion liquidated from traders who had bet on rising prices.
BTC and ETH traders suffered the most after Bitcoin and Ethereum liquidations reached $46.38 million and $303.50 million, respectively.
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