BITCOIN DROP AND GEOPOLITICAL TENSION: WHAT IS HAPPENING

Bitcoin plummeted suddenly on June 17, just as reports about Donald Trump emerged and geopolitical tensions escalated. Crypto markets went haywire after Trump supposedly left the G7 summit and called for an urgent National Security Council meeting. All this came hours after Trump posted a message on Truth Social urging the evacuation of Tehran. The truth is that press secretary Karoline Leavitt confirmed that Trump had left the G7, and the reason was the worsening conflict between Israel and Iran.

Bitcoin dropped by 2%, moving between $108,780 and $106,421 before a slight rebound, although it has remained above $100,000 since May. Altcoins also took a hit; Ethereum fell nearly 4.8% below $2,500, and other major altcoins lost between 5% and 6% amid this volatility. The crypto market in total lost $80 million, with $400 million in liquidated leveraged positions, according to CoinGlass. Additionally, evacuation alerts in Israel are intensifying, with the Chinese embassy urging its citizens to leave the country via land routes, as the conflict between Israel and Iran is causing many casualties and damage to infrastructure. What a situation!$$USDC #MyTradingStyle