Analysis: Bitcoin and other cryptocurrencies plummet in value after Israeli airstrike on Iran
2025/06/13 10:09
PANews reported on June 13 that according to Jinshi, on Friday morning, the largest digital asset Bitcoin fell 3% in the Singapore market to below $103,000, while smaller cryptocurrencies saw larger declines. The second-ranked token Ethereum fell by about 6.9% at one point. "Cryptocurrencies reacted negatively to the news of Israel's attack on Iran, in line with major risk assets," said Caroline Moren, co-founder of Orbit Markets, a crypto derivatives liquidity provider. "We expect to see technical support around $101,000, but geopolitical news will drive price movements in the short term."
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