Following Israeli airstrikes on Iranian nuclear and military targets, fell sharply below $103,000 on 13th June, 2025, its largest single-day drop in over a month. Other cryptocurrencies like Ethereum, Solana, and mirrored the decline, wiping out billions from the broader crypto market cap.
This immediate selloff aligned cryptocurrency with broader risk assets, such as equities, as investors fled to traditional havens like gold and the U.S. dollar. While gold surged to new all-time highs, Bitcoin struggled to hold its footing, highlighting a clear deviation from the “digital gold” narrative.
However, by June 16, BTC rebounded to the $106 – $107k range as equity futures recovered and traders regained confidence
