In a world where the winds of conflict blow with a ferocity that can rattle the very foundations of our digital wallets, Israel has taken a bold step, launching a ‘pre-emptive strike’ on Tehran. The state of emergency has been declared, and oh, how the crypto market trembles!
Reports from the ever-watchful Coinglass reveal that nearly $1 billion has evaporated from the crypto market in the blink of an eye, with most of the carnage occurring in the last hour. The market, like a ship caught in a storm, is down by 8%.
As we stand on the precipice of this chaos, Bitcoin has plummeted from a lofty $108,000 to a mere $103,500. But the real tragedy? The altcoins have taken the brunt of the blow, like a hapless bystander in a bar fight.
Since the first whispers of Israel’s strike, the Pi Network has nosedived a staggering 16% in just an hour. Solana and Cardano, those once-mighty warriors of the crypto realm, have also succumbed to a 5% drop. It’s a veritable bloodbath out there! 🩸
Earlier on this fateful Thursday, BeInCrypto warned that any escalation in the Iran-Israel conflict would send ripples through the crypto market, fueled by the ever-present FUD (Fear, Uncertainty, Doubt).
JP Morgan, the banking giant with a crystal ball, has predicted that an Israel-Iran war could send oil prices soaring and nearly double US inflation to a staggering 5%. Talk about a recipe for disaster!
BREAKING: US stock market futures plummet as loud explosions echo through the streets of Tehran.
Sirens wail across Israel, a symphony of chaos. 🎶
— The Kobeissi Letter (@KobeissiLetter) June 13, 2025
As we gaze into the crystal ball of tomorrow’s stock market reaction, one can only wonder how the unfolding conflict will shape the future of the crypto market. Buckle up, folks, this is just the beginning of a wild ride!
This is a developing story, and who knows what tomorrow will bring? 🤷♂️
Read More
2025-06-13 04:31