The cryptocurrency market experienced a sharp decline today, driven by heightened geopolitical tensions following Israeli airstrikes on Iran. Bitcoin price tumbled below $103,000, marking a 5% drop within 24 hours, while Ethereum suffered an even steeper 11% decline, dipping to as low as $2,450 earlier today.
With the drastic drop, the broader market sentiment shifted to “neutral” on the Fear & Greed Index, reflecting balance between inflows and profit taking. However, the overall state remained bearish, with Binance reporting a net taker volume of -$197 million, signaling aggressive selling.
Bitcoin, which had briefly touched a daily high of $108,369, fell to a low of $102,822 on leading crypto exchanges before stabilizing around $105K, where it is currently trading. Analysts warn that Bitcoin could retest the $100,000 level if tensions escalate further, though some see the dip as a buying opportunity, citing historical recoveries after geopolitical shocks.
Analysts attribute the drop to a combination of geopolitical uncertainty and the expiration of nearly $3 billion in Bitcoin options contracts on June 13, which amplified market volatility.
Ethereum, despite recent strength from $240 million in ETF inflows, erased much of its weekly gains. It dropped over 11% from the daily high, with a 36% boost to its 24-hour trading volume.
From major altcoins, Solana (SOL) digested the largest dip as it fell to $140—currently down 8.43% in the past 24 hours. It is followed by Ethereum’s 7%, Dogecoin’s 6%, and XRP’s 4% decline. Meanwhile, SUI, ADA, and LINK have also declined notably in the turmoil.
Trending Crypto Today
- USDF (Aster USDF)
- BTC (Bitcoin)
- ETH (Ethereum)
- SOL (Solana)
- PI (Pi Coin)
Top Gainers and Losers Today
While most crypto assets have declined drastically, AB token is leading with it spiking over 5%, followed by LEO’s 3% surge. Among losers, SPX is atop as it declines by 20%, followed by FARTCOIN and TIA’s 16% and 13% decline respectively.
| Gainers | Losers |
|---|---|
| AB (AB): +5% | SPX (SPX6900): -20% |
| LEO (UNUS SED LEO): +3% | FARTCOIN (Fartcoin): -16% |
| TRX (Tron): +1% | TIA (Celestia): -13% |
Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market cap today sits at $3.27 trillion in valuation, down 2.71% in the past 24 hours. The trading volume for crypto markets today sits at $173.14 billion.
