⚠️ Geopolitical Tensions Impact Crypto Market as Bitcoin Dips
📉 The crypto economy has experienced a 1.08% decline over the past 24 hours, now valued at $3.16 trillion. This downturn coincides with escalating tensions between Israel and Iran, which have entered their second week of conflict. Bitcoin hit an intraday low of $102,220 during this period.
🟢 On June 21, 2025, CNN reported on the ongoing clashes, noting that U.S. President Donald Trump is contemplating his next steps as B-2 bombers were deployed from Missouri. The Israel Defense Forces (IDF) announced that they had shot down three Iranian F-14 fighter jets and targeted Iran's radar and missile defense systems.
The action was part of a wider push to gain control of Iran’s skies,
said IDF spokesperson Ephraim Defrin.
📊 Amidst this uncertainty, U.S. equities showed mixed results at the end of the week. The Nasdaq fell by 0.51%, the NYSE decreased by 0.16%, and the S&P 500 dropped 0.22%. In contrast, the Dow Jones rose slightly by 0.08%. Gold prices remained stable despite geopolitical tensions, slipping 0.08% in the last day but down over 2% for the week. Silver also fell by 1.9% on Saturday.
📉 The crypto market is not immune to these pressures. Bitcoin fell to a low of $102,220, losing 1% in the past 24 hours and down 2% for the week. Ethereum suffered a greater loss, dropping 1.45% today and 4.5% over the week. Approximately $190.13 million in crypto derivatives positions were liquidated in the last 24 hours, including significant losses in ETH long bets.
🚨 A total of 92,899 traders were liquidated, with the largest single loss coming from an ETH-USDT position worth $4.74 million. As of just before 5 p.m. Eastern time, Bitcoin was trading at $102,635 per coin.