Crypto Market Suffers Shock Drop Amid Israel-Iran Tensions

A recent escalation of tensions between Israel and Iran has triggered a sharp sell-off in the crypto market, with Ethereum (ETH) and Cardano (ADA) particularly impacted. Following Israeli airstrikes on Iranian nuclear facilities on June 13, 2025, fear rippled through global markets. This geopolitical shock led to the liquidation of over $1.14 billion worth of leveraged crypto positions in a matter of hours, with Ethereum and ADA suffering significant price drops.