The currency continued to "$BTC " incurred losses during electronic trading /today Sunday/, under the pressure of military escalation in the Middle East, following the announcement by US President Donald Trump of "successful" airstrikes targeting strategic nuclear facilities inside Iran.
The most popular digital currency fell by 1.26% to record about $102,650.13, according to data from "Coin Market Cap".
These losses 📈 reflected on the entire cryptocurrency market, as the total market value of digital currencies decreased by 1.68% to settle at $3.1 trillion.
US President Donald Trump announced via the social media platform "Truth Social" that the US military destroyed three major nuclear facilities in Iran, describing the operation as "successful."
Despite the decline, Bitcoin maintained its trading above the psychological support level of $100,000, amid strong inflows from US spot index funds, which helped mitigate the extent of the losses. Bitcoin spot funds recorded positive inflows for nine consecutive sessions until June 20, with a total net inflow of $1.023 billion, according to platform data.
Investors are awaiting several developments that will determine Bitcoin's next direction, including rising tensions in the Middle East, updates related to cryptocurrency legislation in the US Congress, as well as anticipated US economic data and the Federal Reserve's stance on interest rates.
Analysts believe that any signs of political easing or dovish signals from the Federal Reserve could support prices again, while military escalation or tight monetary policies could push Bitcoin to break below the $100,000 level.
