Crypto Daybook Americas: Bitcoin Holds Steady Amid Israel’s Military Action Against Iran

Your day-ahead look for June 13, 2025

Updated: June 13, 2025, 2:51 p.m.

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The world of cryptocurrencies feels the tremors from Israeli airstrikes on Iran, which have provoked reactions across global markets.

Recent military actions in the Middle East have spooked investors, pushing them to seek safer options. The CoinDesk 20 Index, which reflects the broader crypto market’s performance, saw a decline of 6.1% over a 24-hour period. Bitcoin (BTC), often regarded as a safe haven, fell 2.9%. Meanwhile, gold futures—a traditional safe-haven asset—increased by 1.3% following the news.

Israeli Prime Minister Benjamin Netanyahu confirmed the strikes targeting key Iranian military infrastructure, aiming to hinder its nuclear and missile advancements. Iran retaliated with drone strikes, targeting Israeli territories.

The U.S. has distanced itself from the incident, asserting that it did not participate in the attacks that resulted in the deaths of several Iranian military leaders.

Global markets felt a significant impact, with indices like Japan’s Nikkei dropping 0.9% and U.S. futures falling by 1.2%. On the contrary, crude oil prices spiked significantly, with U.S. futures climbing over 6% to $73.

While Bitcoin’s descent interrupted the momentum built earlier in the week by ETF approval anticipation, Solana (SOL) trends sharply downward, dropping close to 9.5%.

Mass inflows into Bitcoin and Ether Exchange-Traded Funds (ETFs) continued, signaling a robust demand despite rising geopolitical tensions.

Market Movements:

• Bitcoin (BTC): $104,889.07 (-1.08% from 4 p.m. ET Thursday)
• Ethereum (ETH): $2,523.28 (-4.48%)
• CoinDesk 20 Index: 3,007.21 (-3.2%)

Bitcoin Stats:

• BTC Dominance: 64.77 (0.70%)
• Hashrate (7-day moving avg): 928 EH/s
• Total Fees: 4.86 BTC / $508,710.78

What to Watch:

• Special events affecting the cryptocurrency landscape are on the horizon. Stay informed and prepared through these updates.