The cryptocurrency market today, June 17, 2025, shows a widespread bearish sentiment. Bitcoin (BTC) has fallen below $106,000, reflecting a decrease of 0.99% in the last 24 hours and a reduction of 3% in the last week, currently sitting at approximately $105,739. The instability is palpable, with daily lows reaching $104,980.

Geopolitical tensions, particularly in the Middle East, have fueled a risk-averse environment in global markets, pushing institutional and retail investors to reduce their exposure to volatile assets like cryptocurrencies. Technical indicators suggest a bearish momentum, with a MACD below the signal line and the price operating below the mid-band, indicating weak buying pressure. Despite an increase in trading volume, much of this is attributed to liquidations and forced exits, rather than fresh accumulation. Ethereum and other altcoins are also experiencing declines, although some like XRP show mixed performance due to specific news.