Crypto Price Today (June 13): Ethereum Drops 11%, Bitcoin Dips to $103K; Israel-Iran Tension Crashes Markets

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. 

Source: CoinMarketCap

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. 

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.