On June 12, against the backdrop of escalating geopolitical tensions, the exchange rate $BTC and $ETH sharply fell. The reason was reports of Israeli airstrikes on Iranian territory, which triggered a mass exit of investors from risky assets.
Over the course of a day, lost 3.6% and fell below $104,000, trading at $103,970 at the time of publication. $ETH dropped even more — by 9.2%, reaching $2503.
The decline of the cryptocurrency market coincided with reports from the Associated Press about explosions in the Iranian capital — Tehran. An Israeli military source confirmed that the targets of the attack were military and nuclear facilities.
Amid escalating tensions, oil prices surged sharply: the price of WTI rose to $71.94 per barrel, while Brent reached $73.16.
Experts link the fall of cryptocurrencies to the flight of investors to more stable assets. According to Nick Rak from LVRG Research and Min Jung from Presto Research, the situation in the market is exacerbated by rising oil prices — for the first time in three months, quotes exceeded $70.
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