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Bitcoin closed the week lower while approaching $110,000 amid geopolitical concerns.
Bitcoin (BTC) closed the week just below $105,000 under downward pressure due to rising geopolitical tensions in the Middle East, despite briefly approaching the $110,000 level.
BTC Completed a Volatile Week Largely Unchanged
Bitcoin (BTC), which approached the $110,000 level twice, completed the week largely unchanged, remaining just below $105,000. The upward trend was significantly hindered by the combination of rising geopolitical tensions in the Middle East, where direct contacts between Israel and Iran occurred, and disappointing Consumer Price Index (CPI) data.
Recent data revealed that despite BTC briefly rising to its weekly high of $110,266 on June 10, it recorded a modest decline of 0.8% over the seven-day period and closed more than $5,000 below its mid-week peak.
Like BTC, many of the other top 20 digital assets closed the week with slight declines. XRP and Solana fell by 2.1% and 4.2%, respectively. Among the top 20 digital assets, only hyperliquid (HYPE) and bitcoin cash (BCH) closed the week in the green, increasing by 16.7% and 4%, respectively.
While many top-tier digital assets closed the week with slight declines in market capitalization, some less liquid tokens recorded double-digit gains. Aura led the gains, surging over 21,000% in just seven days, followed by Useless Coin, which rose over 570%. Kaia, ranked 102nd on Coingecko on June 14, increased by 36%.