{"id":5329,"date":"2025-06-13T18:13:11","date_gmt":"2025-06-13T18:13:11","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-price-crashes-below-103000-what-triggered-it\/"},"modified":"2025-06-13T18:13:11","modified_gmt":"2025-06-13T18:13:11","slug":"bitcoin-price-crashes-below-103000-what-triggered-it","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-price-crashes-below-103000-what-triggered-it\/","title":{"rendered":"Bitcoin Price Crashes Below $103,000\u2014What Triggered It?"},"content":{"rendered":"

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on Iranian nuclear installations, sending ripples through every major asset class.<\/p>\n

Why Is Bitcoin Going Down Today?<\/h2>\n

Israel\u2019s pre-dawn operation \u2014 its first overt attack on Iranian territory since the October-2024 raids \u2014 instantly repriced global risk. Oil futures jumped more than 10%, spot gold printed a fresh record high above $3,400 an ounce, and US equity futures slid roughly 1.5%. Bitcoin\u2019s draw-down resembled its initial reaction to Iran\u2019s failed missile barrage on Israel in April.<\/p>\n

\u201cOil up. Gold up. Bitcoin down,\u201d Anthony Pompliano wrote<\/a> on X, noting that the pattern echoes April\u2019s missile incident, after which \u201cBitcoin ended up outperforming the other two over the first 48 hours.\u201d<\/p>\n

Bitcoin educator Peter Duan argued in a separate post that \u201ca dip in Bitcoin happens every time there is serious geopolitical [turmoil] \u2026 In the long run, this will only push more people to Bitcoin,\u201d pointing to the 24\/7 nature of crypto trading versus the still-closed equity cash markets.<\/p>\n

Macro strategist Joe Consorti drilled down on the mechanics: \u201cBitcoin, S&P and NDX are all being panic-sold. Crude oil, natural gas, gold and US Treasuries are all spiking higher. The flight to safety trade is here.\u201d<\/p>\n

A fresh surge in crude is precisely what US policymakers did not need. West Texas Intermediate vaulted past $77 a barrel\u2014its first visit to that level in four months\u2014after Israel struck Iranian nuclear facilities, erasing much of the hard-won disinflation dividend and dragging energy back to centre stage. The contract is now more than $21 above its April trough, threatening to unwind the benign price trends that had been taking hold.<\/p>\n

This comes after US inflation data once again surprised to the upside this week. May\u2019s Consumer Price Index rose just 0.1% on the month and 2.4% year-over-year, while core CPI matched that modest 0.1% gain and held at 2.8% on an annual basis. Producer prices told a similar tale on Thursday, with the headline PPI up only 0.1% month-over-month and 2.6% on the year, both below consensus expectations.<\/p>\n

Lower fuel costs had been a cornerstone of President Trump\u2019s strategy for reining in inflation; the renewed march higher in oil now threatens that narrative. If energy continues to climb, markets will anticipate a rebound in headline inflation and the Federal Reserve may feel compelled to postpone the rate-cut cycle traders had pencilled in for September.<\/p>\n

Bitcoin, which is acutely sensitive to fluctuations in global liquidity, often underperforms when the policy outlook tilts toward tighter financial conditions\u2014explaining its abrupt slide alongside the spike in crude.<\/p>\n

The newsflow triggered one of the heaviest forced-liquidation washes of 2025. CoinGlass data<\/a> show that roughly $1.14 billion in crypto futures positions were wiped out over the past 24 hours, $1.04 billion of which were longs, as 236,788 traders were forced out of the market.<\/p>\n

The single-largest hit was a $201 million BTC-USDT long on Binance, the biggest one-ticket liquidation since January. For Bitcoin alone, long-side liquidations totalled $443 million. For the entire crypto market, this is the worst wipe-out since the post-tariff rout of February 3, when $1.25 billion was liquidated across the complex.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on…<\/p>\n","protected":false},"author":1,"featured_media":5330,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[56,55,69,61,120,121,33,758,2651,759],"class_list":["post-5329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-cryptocurrency-market-news","tag-why-is-bitcoin-down-today","tag-why-is-bitcoin-going-down-today","tag-why-is-bitcoin-price-down-today"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5329"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5330"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}