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Crypto Market Sheds Billions After Israel Launches “Operation Rising Lion” on Iran’s Nuclear Sites

Crypto Market Sheds Billions After Israel Launches “Operation Rising Lion” on Iran’s Nuclear Sites

CryptonewslandCryptonewsland2025/06/13 17:08
By:by Wesley Munene
  • Israel’s military operation triggered an immediate market reaction, with major cryptocurrencies posting losses.
  • Liquidation activity surged with Ethereum seeing $56.40 million in shorts and Bitcoin $422.97 million in longs.
  • Market sentiment remains neutral, with the Fear and Greed Index at 54 and altcoin activity showing stronger support for Bitcoin.

Israel launched a coordinated military operation targeting Iran’s nuclear facilities and senior military leaders, escalating regional tensions. Following the attack, the cryptocurrency market recorded sharp declines across major assets, with increased liquidation activity and a downward trend in overall market performance.

Israel Launches Targeted Strikes on Iran’s Nuclear  Sites

In a military escalation, CNN has reported that Israel launched coordinated airstrikes early Friday targeting Iran’s nuclear facilities and top military leadership. The strikes focused on Iran’s Natanz enrichment site, its ballistic missile program, and multiple high-ranking officials, including nuclear scientists. 

This marked a sharp intensification of the conflict, with Israeli forces initiating “Operation Rising Lion.” Iran confirmed the deaths of General Hossein Salami and Major General Mohammad Bagheri, its top military leaders. Former national security chief Ali Shamkhani and six nuclear scientists were also killed, according to state media.

Following the strikes, Iran launched over 100 drones toward Israeli territory. Israel’s military activated full aerial defences and warned of “difficult hours” ahead. The United States stated it had no role in the attack. Secretary of State Marco Rubio said Israel acted in self-defence. However, as a form of retaliation, FOX News has reported that Iran fired back over 100 drones, which might be coupled with missile firepower at Israel.

Crypto Market Reacts to the Israel Attack

Tracking the ongoing market trend after the attack, many digital assets have reacted with a dip in the market. As of press time, the current cryptocurrency market overview shows broad declines across major digital assets and indexes. Bitcoin is trading at $104,824.46 , marking a 2.64% decrease. Ethereum has dropped 7.89%, now valued at $2,541.66. Binance Coin (BNB) fell 2.11% to $653.47. Solana recorded a sharper drop of 8.74%, standing at $145.10. XRP is priced at $2.1237, reflecting a 5.24% decline.

Source: CoinMarketCap (Market Overview)

The total crypto market cap is $3.25 trillion, with a 24-hour volume of $166.45 billion. The market chart over the last 30 days shows alternating uptrends and downturns, with recent trading activity trending downward. The chart indicates the highest peak around early June, followed by a significant drop by June 13.

The Fear and Greed Index reads 54, indicating neutral sentiment among investors. The Altcoin Season Index stands at 26, meaning market activity currently favours Bitcoin over altcoins. The CoinMarketCap 100 Index is down 4.72%, sitting at $199.33, suggesting an overall decrease in top crypto asset performance. 

Liquidations Stretch Across the Market

Additionally, liquidations have recorded an uptick. Coinglass data indicates that the total liquidations chart shows significant spikes in both long and short positions since December. On June 13, long liquidations rose sharply, aligning with a visible market price drop. Bitcoin trades at $104,649.9, down 2.86%, with 24-hour long liquidations totalling $422.97 million and short liquidations at $23.42 million.

Source: Coinglass (Liquidation Chart)


Ethereum, priced at $2,529.08, fell 8.38% , with 24-hour long liquidations at $247.10 million and shorts reaching $56.40 million. Ethereum shows higher short-term pressure than Bitcoin. The highest liquidation volumes occurred during volatile price swings. Overall, the market shows increased liquidation activity over the recent trading sessions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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