The cryptocurrency market experienced a sharp downturn on Friday, June 13th, driven by escalating geopolitical tensions between Israel and Iran. Following news of an Israeli military operation against Iranian targets, digital assets witnessed significant declines in value. The total crypto market capitalization dropped by over 7% in the past 24 hours, reaching $3.3 trillion. Bitcoin (BTC) fell around 5%, trading at $103,464, while **Ethereum (ETH)** lost 10% to settle at $2,471. **Solana (SOL)** also suffered losses, dropping 11% to reach $141. Other digital assets like **XRP** and **BNB** also experienced declines of 6% and 4%, respectively. CoinGlass data shows that crypto liquidations surged by 125% in a single day, reaching $1.2 billion. Open interest across crypto futures markets fell by 9.7% to $142 billion, while the relative strength index (RSI) dropped to 28, indicating the market entered oversold territory.