Today, June 23, 2025, the crypto market is experiencing high volatility ๐ and a noticeable downturn, mainly triggered by escalating geopolitical tensions ๐ between the US and Iran. Bitcoin ($BTC ) ๐ธ dropped below $100,000 over the weekend but has since rebounded to around $101,900, while Ethereum ($ETH ) โก is trading near $2,251 after testing key support levels. The overall crypto market cap fell by about 6%, with investors seeking safer assets ๐ก๏ธ amid uncertainty, but some altcoins like Gains Network and Poollotto.finance posted impressive gains despite the broader slump.
The sell-off was amplified by over $1 billion in liquidations ๐ฅ as traders reacted to the US strikes on Iranian nuclear sites, which rattled global markets and pushed many to reduce risk exposure. However, signs of recovery are emerging: Bitcoin is aiming for $105,000 ๐, supported by short-term holder realized price support, and Ethereum is seeing steady institutional inflows, especially into spot ETFs. $XRP , meanwhile, is consolidating near $2.07, struggling to break resistance due to persistent outflows and options expiry risks, but bulls are working to defend the $2.00 support ๐ฆพ.
Presale tokens and new projects like Solaxy ($SOLX) ๐ are attracting attention, especially as investors look for opportunities beyond the major coins. The market remains sensitive to further geopolitical developments and potential US Fed rate cuts, which could spark the next crypto rally. In summary, todayโs crypto news highlights a market under pressure from global events, but with pockets of optimism and ongoing innovation driving interest in both established and emerging digital assets.
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