{"id":2831,"date":"2025-06-13T12:51:31","date_gmt":"2025-06-13T12:51:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/is-the-crypto-bull-run-still-possible-after-israel-bombed-iran\/"},"modified":"2025-06-13T12:51:31","modified_gmt":"2025-06-13T12:51:31","slug":"is-the-crypto-bull-run-still-possible-after-israel-bombed-iran","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/is-the-crypto-bull-run-still-possible-after-israel-bombed-iran\/","title":{"rendered":"Is the crypto bull run still possible after Israel bombed Iran?"},"content":{"rendered":"
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Crypto prices crashed Thursday evening as investors embraced a risk-off sentiment following Israel\u2019s attack on Iran\u2019s nuclear sites, which could trigger a wider conflict in the region.<\/p>\n

Bitcoin (BTC) plunged below $105,000, while the market capitalization of all cryptocurrencies tracked by CoinMarketCap fell to $3.26 trillion. The 24-hour liquidations jumped by 252% to over $1.15 billion, with 247,950 traders being liquidated.<\/p>\n

Most altcoins performed worse than Bitcoin. SPX6900 (SPX) token plunged by 20%, while Fartcoin (FARTCOIN), Celestia (TIA), and Bonk (BONK) fell by over 15%.<\/p>\n

The stock market also declined, with futures tied to the Dow Jones, S&P 500, and Nasdaq 100 falling by over 1%.<\/p>\n

Is the crypto bull run still possible?<\/h2>\n

Israel\u2019s attack on Iran\u2019s nuclear sites will have some impact on the crypto market. In addition to triggering fear among investors, a prolonged war could push crude oil prices higher over time. Brent and West Texas Intermediate benchmarks rose by over 10% on Friday.<\/p>\n

Higher crude oil prices could make inflation stickier and push the Federal Reserve to maintain interest rates higher for longer, affecting riskier assets like cryptocurrencies.<\/p>\n

However, a look at past \u201cblack swan\u201d events shows that Bitcoin and other altcoins tend to recover after the initial knee-jerk reaction.<\/p>\n

For example, Bitcoin plunged to a multi-month low of $74,488 in April after Donald Trump delivered his \u201cLiberation Day\u201d speech, in which he announced retaliatory tariffs. Bitcoin then surged to a record high of $111,928 two months later.<\/p>\n

Similarly, Bitcoin dropped from $10,480 to $3,948 in March 2020 after the COVID-19 pandemic began. It then surged a few months later and peaked at $68,897 in November 2021.<\/p>\n

Bitcoin and other altcoins fell to $34,000 when Russia invaded Ukraine in 2022, then bounced back to nearly $48,000 a month later.<\/p>\n

Therefore, there is a likelihood that Bitcoin and other altcoins will bounce back as the current fear subsides.<\/p>\n

<\/p>\n

Bitcoin fundamentals and technicals<\/h2>\n

The main reason why the crypto bull run may continue is that Bitcoin, which influences the industry, has strong fundamentals and technicals.<\/p>\n

Fundamentally, demand is rising as ETF inflows grow, with BlackRock\u2019s IBIT now holding over $72 billion in assets. Companies like Trump Media, GameStop, Strategy, and MetaPlanet are accumulating the coin.<\/p>\n

This demand is soaring as supply on exchanges and over-the-counter venues has plunged. Santiment data shows that supply on centralized exchanges has dropped to 1.2 million, down from 1.5 million in January.<\/p>\n

<\/source><\/p>\n<\/picture>
Bitcoin supply on exchanges and funding rate | Source: Santiment<\/a><\/figcaption><\/figure>\n

As the chart above shows, Bitcoin\u2019s funding rate has also surged \u2014 a sign that market participants expect it to bounce back.<\/p>\n

Further, as crypto.news wrote here, <\/strong>this pullback is part of Bitcoin\u2019s handle in the cup-and-handle pattern. This pattern often results in a strong bullish breakout, with Bitcoin\u2019s target projected above $140,000.<\/p>\n

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

Crypto prices crashed Thursday evening as investors embraced a risk-off sentiment following Israel\u2019s attack on Iran\u2019s nuclear sites, which could trigger a wider conflict in the region. Bitcoin (BTC) plunged…<\/p>\n","protected":false},"author":1,"featured_media":235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2831"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2831\/revisions"}],"predecessor-version":[{"id":2832,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2831\/revisions\/2832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/235"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}