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Why are Bitcoin and crypto prices down today? ______ Geopolitical risks and macroeconomic uncertainty are creating a risk-averse environment, and Bitcoin and crypto could slide further. Crypto markets have been under pressure over the past week, mainly due to global instability. On Wednesday, June 18, the overall crypto market dropped 1.06% to $3.25 trillion, with Bitcoin ($BTC ) falling to a daily low of $103,396, down 5% over the last seven days. Altcoins led the decline, with Ethereum ($ETH ) reaching a daily low of $2,456 and posting a 10% drop over the same period. Escalating geopolitical tensions, along with concerns over macroeconomic policy, are weighing heavily on risk assets. Over the past few days, crypto prices have largely reacted to Israel’s war with Iran, with signs of escalation fueling further declines. As of June 18, there were still no indications that the conflict could be resolved quickly. Also, signs of further escalation emerged as President Donald Trump refused to rule out direct military involvement. Meanwhile, investors are closely watching the Federal Reserve’s upcoming decision on interest rates, also set for June 18. According to Arthur Aziziov, Founder and Investor at B2 Ventures, this decision could offer some much-needed positive news for Bitcoin. #btc #trump #MarketMeltdown
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JUST SAY HEY TO MY FAMILY..
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Charles Hoskinson Says Bull Run Will Start in 6 to 9 Months, Can ADA Hit $25 ATH in Altseason? _______ The crypto market is in the middle of the bullish phase of the ongoing bull cycle. However, as to when exactly the bull run phase will begin seems to still be up in the air. Many analysts expected it to start in Q4 last year, while others expected it to begin this year. Now, Cardano Founder Charles Hoskinson says that the bull run will begin in the next 6-9 months. How high will Cardano go then? Charles Hoskinson Says Bull Run Will Start in 6 to 9 Months The Founder of the Cardano ecosystem, the home of the native altcoin $ADA , Charles Hoskinson, predicts the bull run phase of the ongoing bull cycle will start in another 6 to 9 months. This comes off as slightly unexpected to many reputed analysts, as many hoped for the bull run phase to have already begun. Unlike previous bull cycles, this ongoing bull cycle seems to be running on a very different timeline. For instance, if this ongoing bull cycle were like previous bull cycles, then we would be in the peak of the altseason phase. Instead, due to many deviations, like $BTC setting a new ATH before the Bitcoin Halving event, and altseason being delayed due to a prolonged BTC correction phase and a very slow pump for the price of pioneer altcoin Ethereum ($ETH ), and political challenges, this bull cycle seems to be very different. Despite the clarity on how this bull cycle will turn out and when the bull run phase will begin, most crypto leaders and reputed crypto analysts seem to be heavily bullish for the long term. In fact, most of them are comfortable accumulating and patiently waiting for these bullish phases to arrive. By quietly watching the progress of ecosystems, they are accumulating promising tokens to prepare for the inevitable pump in the coming months ahead. #Hoskinson #altcoins
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