Following Israel's airstrikes on Iran, the cryptocurrency market experienced a significant downturn on Friday, June 14th. Major altcoins saw substantial losses, and liquidations surpassed $1 billion, reflecting market concerns over Iran's response. (Source: Decrypt, June 14th)
Ethereum fell by 7.8% in the last 24 hours, reaching $2,533, while XRP dropped 3.9% to $2.13, and Solana decreased by 8.4% to $145. Stablecoins, designed to maintain their peg to the U.S. dollar, were the best-performing assets among the top 15 cryptocurrencies by market capitalization. (Source: Decrypt, June 14th)
According to CoinGlass, the crypto market saw $1.16 billion in liquidations. Bitcoin led with $449.95 million, followed by Ethereum at $301.92 million, and Solana at $53.46 million. The majority of these liquidations involved long positions. (Source: Decrypt, June 14th)
Predictors on Myriad indicated that the odds of more long Bitcoin positions being liquidated rose to over 55.8% on Saturday, June 14th, a notable increase from the near 50% odds given on Thursday afternoon. The crisis also affected the chances of a nuclear deal between Iran and the U.S., with predictors giving only a 4.7% chance of a positive outcome. (Source: Decrypt, June 14th)