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Crypto Bloodbath: Bitcoin, Ethereum, Solana Plunge as Israel-Iran Tensions Escalate

Crypto Bloodbath: Bitcoin, Ethereum, Solana Plunge as Israel-Iran Tensions Escalate

Published:
2025-06-13 04:10:56
17
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Why is crypto down today? Bitcoin, Ethereum, Solana sink as Israel strikes Iran

Markets shudder as geopolitical shockwaves hit crypto.

Bitcoin nosedives below key support—Ethereum and Solana follow suit. No safe havens today, just panic selling and leveraged longs getting liquidated. Traders scramble as risk-off sentiment dominates.

Middle East conflict triggers flight to safety... except crypto’s playing the role of risk asset today. Gold pumps while digital gold dumps—irony isn’t lost on degens still holding bags from the last bull run.

Technical damage looks ugly. Charts printing lower lows with no immediate relief in sight. ‘Buy the dip’ crowd suspiciously quiet—maybe they finally ran out of dry powder after 18 months of sideways action.

Silver lining? At least the Fed can’t blame this selloff on rate hikes. This time, the black swan’s wearing military camouflage.

|Square

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