NewsletterCrypto Traders Lose $1.15B in 24 Hours as BTC, ETH Price Crash
Highlights
- Over $1.15B in crypto liquidated today with BTC and altcoin price crash.
- Due to geopolitical tension amid Israel’s airstrike on Iran, Bitcoin crashed to $103k and ETH plummeted 10% today.
- Investors are fleeing to traditional safe-haven assets like gold, fueling their prices.
A massive crash in BTC price, followed by other altcoins like ETH, SOL, XRP, and others, has created shockwaves in the market, liquidating billions worth of assets. The geopolitical tension amid the Israel-Iran war and global macroeconomic events has resulted in crypto traders losing more than $1.15B in just 24 hours, and more is at risk. Let’s discuss.
BTC Price Crash to $103k and ETH’s 10% Drop Liquidated $1.1B
With Israel’s pre-emptive airstrike on Tehran, targeting Iran’s nuclear and missile capabilities, a state of emergency has been issued in the country. Iran is also preparing for retaliation, and the escalation of the war is affecting the global financial market. Panic formed among investors, resulting in a massive price crash in BTC, ETH, and other assets.
Amid this, Bitcoin price crashed to $103k and Ethereum plummeted to $2.4k due to investors’ risk sentiments getting active. CoinGlass data reveals that more than 247k crypto traders were liquidated in 24 hours, losing $1.15B.
Out of this, the largest single liquidation happened on the Binance exchange -BTCUSDT pair, losing $203.1M. Bybit and OKX come next. Besides, Bitcoin alone faced nearly $450M, longs accounting to $422M liquidation, Ethereum faced almost $400M, XRP lost $52M, and so on.
The U.S. CPI and PPI data also played a significant role, as they failed to increase the chance of a Fed rate cut this month.
Traders Shift to Gold With BTC-ETH Price Crash
The crypto market’s fear and greed index sits at 54 (below greed) and has plummeted due to the increased volatility of the assets. The global trading volume is nearly up 25%, dominated by the sellers, crashing the market cap to $3.27T. This reveals that investors’ confidence in digital assets has decreased and is moving towards traditional assets like gold.
The gold price is $3,445.40 at press time after a 1.2% surge today. Silver is also up 0.30% today, currently at $36.40, and oil prices spiked over 10% (Brent at $76.48 and WTI at $74.99 per barrel), and more.
Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%. In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?
— Peter Schiff (@PeterSchiff) June 13, 2025
As the BTC and ETH price crash continues, investors have opted for a traditional safe-haven asset. This also challenges Bitcoin’s “digital” gold status.
Frequently Asked Questions (FAQs)
1. How much was lost in crypto liquidation?
2. Which exchange saw the biggest single-day liquidation?
3. How are Bitcoin and Ethereum currently trading?
- BlackRock’s BUIDL Launches on BNB Chain as Binance Approves It for Collateral
- Fed’s Jeff Schmid Flags Inflation Risk as Hopes of December Rate Cut Fade
- Whales and Institutions Bet Big On Bitcoin And Ethereum Despite Market Dip
- Breaking: Michael Saylor Debunks Rumor of Strategy Selling Bitcoin Amid Crypto Market Crash
- Peter Brandt Warns Bitcoin Could Dip Below Strategy’s Average Purchase Price as MSTR’s mNAV Falls
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
- XRP, DOGE & ADA Price Outlook: How Low Can These Altcoins Drop Next?
- Ethereum Price Sheds 10% but Lands on the $3,150 Accumulation Base — Is a Buy-the-Dip Bounce Ahead?
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
