Over $150 billion was wiped from the combined crypto market cap overnight, leaving investors wondering, ‘Why is crypto down today?’ The market-wide dip came after Israel’s late-night missile attack on Iran.
The market has declined by 6% over the past 24 hours. Bitcoin is experiencing a near 3% drop. Investors are now left wondering what is the best crypto to buy during this dip.
JUST IN: $335,000,000 liquidated from the crypto market in the past 60 minutes after Israel launches strikes on Iran. pic.twitter.com/wdHJD2Nev4
— Watcher.Guru (@WatcherGuru) June 13, 2025
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Shining Light For Crypto Amid Escalating Tensions Between Israel And Iran – Bitcoin Holding Steady Above $100k
On a positive note, even with the world teetering closer to all-out war, Bitcoin has held steady after dropping to $103,500 and is already recovering. Currently, BTC is trading above $104,700.
This can be perceived as a positive sign for the crypto market as BTC is showing strength by holding strong above $100k and not capitulating with the ongoing issues in the Middle East.
With the sudden drop following Israel’s attack on Iran, it was reported that over $335 million worth of long positions were liquidated as volatility spread across the market.
In fact, when comparing the current BTC chart to 2024, it seems to be playing out almost identically. We bounced off of the trendline just as we did in 2024 and the only difference being that the range high resistance this time around sits at $108,000 compared to $73,000 from last year.
With Bitcoin bouncing heavily from the $103,000 level and maintaining the trendline amid such huge global events causing volatility throughout the markets, it looks safe to presume that BTC will range here between $103,000-$108,000 until the dust settles and it can make a clear run to $110,000 and beyond.
If a similar move to 2024 is going to play out for BTC, once it blasts through the range high resistance, a parabolic move toward $150,000 is the obvious target due to it acting as a psychological target and a clear level from a technical analysis perspective.
Rather than simply asking ‘Why is crypto down today’, traders should instead look to the strength shown by Bitcoin and how it is setting up for a glorious run once the dust settles.
(SOURCE)
DISCOVER: Top Solana Meme Coins to Buy in July 2025
Is Bitcoin Hyper (HYPER) The Best Crypto To Buy Right Now?
With the current state of the crypto market and the strength shown from Bitcoin in the face of global uncertainty, traders should be looking at the best opportunities that this dip has afforded, rather than worrying so much about why is crypto down today.
Bitcoin Hyper (HYPER) may be one of the best projects to buy right now due to it still being in presale phase and thus not effected by the blood in the market. It has just surpassed $1.1 million in ICO funding as smart money is seemingly rotating to this presale as a hedge on the market.
It is a brand new Bitcoin Layer-2, powered by Solana’s Virtual Machine (SVM). It aims to be a full-blown execution layer for Bitcoin, delivering fast, cheap transactions, smart contracts, memecoins, dApps, and DeFi – all running on Bitcoin.
The beauty of Bitcoin Hyper’s hybrid functionality means it is powered by Solana’s execution layer, but tethered to Bitcoin’s base layer for security.
This design of this innovative L2 gives users the best of both worlds; Solana’s market-leading speed of over 2,000 transactions per second (TPS), compared to Bitcoin’s 7 tps, paired with Bitcoin’s unmatched decentralization and trust.
As for the HYPER token itself, it isn’t just a gas token or zero-function asset, it is the backbone of the entire Bitcoin Hyper economy. Every transfer, dApp interaction, and smart contract execution runs on it.
Just as ETH fuels Ethereum and SOL is the lifeblood of Solana, HYPER is designed to capture value as usage scales on Bitcoin Hyper.
Put simply, the more activity the network sees with an increase of DeFi dApps, memecoins, NFT marketplaces and cross-chain bridges – the more in demand HYPER will find itself.
Rather than wondering why crypto is down today, traders should instead look at the opportunities presented to buy into projects such as HYPER with the market currently on a discount.
To get started, simply head to the Bitcoin Hyper presale website. You can buy using ETH, USDT, BNB, or credit card.
For the smoothest purchase experience, Best Wallet is recommended. HYPER is already featured in the mobile app’s Upcoming Tokens section, and Best Wallet offers seamless token management for HYPER and other gems still in the ICO phase.
Stay up-to date with all things HYPER by joining the community on Telegram and X.
Visit the Bitcoin Hyper website
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All traders seem to be asking right now is 'Why is crypto down today?
- Bitcoin has shown incredible strength with the global tensions causing an overnight dip in the market
- BTC dropped to $103,500 and bounced perfectly off of the trendline and is now holding steady at $104,600
- Bitcoin Hyper is a brand new hybrid layer-2 built on both Solana and Bitcoin – HYPER just hit $1.1m in ICO funding
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