What Happened in Crypto Today, and Why Did It Crash? Full Details

Wondering what happened in crypto today? The market just faced a wild mix of surprises. From a sudden cryptocurrency markets crash to geopolitical events that shook Bitcoin and Ethereum, we also had delays on ETFs from Avalanche and Hedera and the price of Solana dropped by 20%, and then the announcements from Amazon, Walmart, and Polkadot only added to the drama. Let's dive into everything you need to know now!

SEC Delays AVAX, HBAR ETFs to Mid-July

The U.S. SEC has decided to push back decisions on two cryptocurrency ETFs: Spot Avalanche (AVAX) and Spot Hedera (HBAR). VanEck and Grayscale filed them to let people invest in cryptocurrency like regular stocks. But the SEC won’t decide until July 15, 2025. This Avalanche ETF delay adds more uncertainty to the market and may be one of the cryptocurrency market crash reasons as investors lose confidence.

Israel-Iran Conflict Shakes Crypto Hard

On June 13, Israel attacked Iran’s military sites, trying to weaken its nuclear plans. Iran replied with missile strikes. This Israel–Iran conflict scared investors worldwide and led to a big cryptocurrency market crash.

Source: Wu Blockchain X

In just an hour, over $100 million was liquidated. Bitcoin price dropped more than 4%, and Ethereum also fell. This kind of geopolitical tension often creates panic in the crypto world.

Solana Drops as War, ETF Delays Hit Price

Solana (SOL) took a big hit, falling 8.52% in just 24 hours and now trades at $144.87, according to CoinMarketCap . It was hurt badly due to war fears, ETF delays, and a technical price crash.

Source: CoinMarketCap

SOL lost strong support near $150, causing more selling. This Solana price crash shows how quickly fear can spread in crypto. High-risk coins like SOL are usually the first to fall during a cryptocurrency market crash.

Amazon, Walmart Plan Their Own Stablecoins

Big names like Amazon and Walmart are now thinking of launching their own stablecoins. These would help make payments smoother and faster online. But they need approval from the U.S. government first, especially with the Genius Act on the way. If approved, it could totally change how people use cryptocurrency for shopping. The idea also shows growing corporate interest in blockchain beyond just trading.

Polkadot Wants Bitcoin Reserve in Treasury

The Polkadot community has suggested a new idea: create a Bitcoin Strategic Reserve by using 501,000 DOT. They want to slowly buy tBTC over a year using a system called Rolling DCA.

Source: X

This Bitcoin will be added to a pool using a bridge that doesn't need a middleman. If accepted, it could make Polkadot more stable and strong over time, linking it deeper into the Bitcoin ecosystem.

Final Thoughts

So, what happened in crypto today? A lot – and most of it wasn’t great. War tensions, ETF delays, and sharp liquidations caused a major crypto market crash. Coins like Solana and Bitcoin felt the hit hard. But there’s still hope – with Amazon and Walmart working on stablecoins and Polkadot thinking long-term, crypto isn’t just about short-term shocks. It’s growing. Just remember, every headline can move the market!