#btc Drop in the Cryptocurrency Market !!

Sudden geopolitical tensions between Israel and Iran escalated in mid-June 2025, prompting the markets to favor safe assets, leading to a decline in risk appetite, which was clearly reflected in the cryptocurrency market.

📉 Bitcoin (BTC):

The price of Bitcoin dropped to its lowest levels near $103,000 after Israeli airstrikes on Iran on June 13. This decline equates to a drop of more than 5% over the week during the period of tension.

📉 Ethereum (ETH):

Its current price is around $2,405 on June 21, down from about $2,522 a week earlier, representing a drop of about 4.6% over seven days. It also recorded a daily decline of nearly -2% compared to the previous day.

⚠️ Factors for the decline:

Escalating geopolitical risks led to a "safe haven preference," causing a sell-off in cryptocurrencies. This decline coincided with a wave of rising oil prices and demand for the US dollar, two signs of investors shifting toward safer assets.

#btc #eth $BTC $ETH