The cryptocurrency market experienced a significant downturn over the past 24 hours. Bitcoin (BTC) has plunged to US$ 106,000, while several Altcoins have suffered even sharper losses amid rising concerns over geopolitical tensions and U.S. tariff policy.

According to data from Coinmarketcap as of Friday (June 13, 2025) at 06:05 AM WIB, the total global crypto market capitalization dropped by 2.68% to US$ 3.31 trillion in the last 24 hours. Bitcoin (BTC), the leading cryptocurrency by market cap, declined by 2.2% during this period. Currently, Bitcoin is priced at US$ 106,017 per coin, equivalent to approximately Rp 1.72 billion (based on an exchange rate of Rp 16,227 per US dollar).

Altcoins posted even steeper declines. Ethereum (ETH) fell by 4.2% to US$ 2,643 per coin, Solana (SOL) dropped by 4.8% to US$ 152.73, XRP slipped by 3.21% to US$ 2.19, Dogecoin (DOGE) plunged by 5.83% to US$ 0.181, and Binance Coin (BNB) slid by 1.37% to US$ 654.

As reported by CoinDesk, the crypto market is once again facing major turbulence. Investor anxiety intensified after former U.S. President Donald Trump hinted at the possibility of a large-scale conflict in the Middle East, following a stalemate in nuclear talks with Iran and threats of an Israeli military strike.

Trump also reignited concerns over trade tariffs ahead of a key deadline in early July, raising fears of broader instability across global financial markets.

"There could be a major conflict," Trump declared during a statement at the White House. He further revealed that American citizens in the region have been urged to evacuate for safety reasons.

Market Pressure

Despite U.S. stock markets ending the trading session with moderate gains, the cryptocurrency market was unable to withstand the pressure and instead experienced a sharp correction.

The risk-off sentiment was amplified by the latest U.S. economic data indicating a slowdown. This includes the May Producer Price Index (PPI), which came in lower than expected. Additionally, weekly jobless claims remained elevated at 248,000—the highest level since November 2021.

These developments have fueled speculation that the Federal Reserve may soon be compelled to ease its monetary policy stance, despite previously maintaining a hawkish approach.

Nevertheless, Trump launched another verbal attack on Fed Chair Jerome Powell, calling him a “numbskull” and threatening to impose policy changes if he returns to power.