Geopolitical Jitters Hit Crypto: Israel-Iran War Fears Impact Bitcoin
Crypto Crashes 7% as Israel-Iran Conflict Sparks Sell-Off: Bitcoin, Ethereum Drop.
Market Plunge: The crypto market shed 7% of its value, falling to $3.3 trillion, after Israel’s airstrikes on Iran on June 13, 2025. Key Declines: Bitcoin BTC dropped 5% to $103,464, Ethereum ETH fell 10% to $2,471, and altcoins like Solana SOL saw losses up to 11%. Liquidations Surge: $1.2 billion in crypto positions were liquidated as investors shifted to safe-haven assets like gold and U.S. Treasuries. Geopolitical Driver: Fears of Iranian retaliation and oil supply disruptions fueled risk-off sentiment in decentralized finance (DeFi). Potential Recovery: Analysts suggest…
This Week In Crypto
This week in crypto, Plasma's DeFi Challenge emerged as a new Layer 1 blockchain aiming to disrupt stablecoin dominance in decentralized finance. Solana ETF Hopes soared with a 91% approval chance by summer, driven by positive SEC signals. World Liberty’s Stablecoin debuted with the $USD1 stablecoin launch on the TRON network, marking a significant step for the platform. Altcoins Rebound strongly as the market stabilized following tensions between Trump and Musk. Big Tech’s Stablecoin Push gained traction, with companies like Apple exploring stablecoin integration for payments. Circle’s IPO Triumph saw the USDC issuer achieve massive success on Wall Street. Trump-Musk Feud rattled markets, contributing to a historic drop in Tesla shares, impacting broader financial sentiment.
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Plasma: The Blockchain Challenging DeFi’s Stablecoin Status Quo
Plasma aims to offer zero-fee USDT transactions and lightning-fast settlement by leveraging Bitcoin’s security and an EVM-compatible environment.
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