The official entry of the United States into the war has unleashed a series of chain reactions on global financial markets and Bitcoin has not been spared. In a context of growing geopolitical uncertainty , the digital asset par excellence has undergone a significant correction, denying – at least in the short term – the narrative of a “safe haven” that many had attributed to it.
Volatility has taken over again and investors and analysts are trying to understand what the outlook is for BTC in a drastically changed world scenario . In this article, we have collected and analyzed the most relevant latest news on Bitcoin, to provide an updated and complete picture of the current situation.
Bitcoin Volatility Causes $700M Liquidations as Conflict Escalates
Cryptocurrency markets have been experiencing significant volatility over the past 24 hours, also due to the impact of international events. Bitcoin’s price dropped to an intraday low of around $101,000 , causing a sharp increase in liquidated positions. There has now been a partial recovery and the asset is trading around $102,000.
Volatility, however, remains high , with liquidations on derivatives platforms reaching a whopping $700 million . According to data from CoinGlass , this is an increase of over 55% from the previous day's levels, a clear sign of the uncertainty that characterizes the current situation.
The chaos was largely caused by the US decision to strike Iran with a targeted attack, despite Donald Trump saying just days ago that he would take two weeks to decide what to do next.
Many of the nations in the Middle East, such as Bahrain, Saudi Arabia and Kuwait , which host US military bases, are starting to prepare in the event that the conflict spreads to their territories. A clear sign of the risk of escalation.
4 Factors That Could Shake Up Bitcoin and Cryptocurrency Markets This Week
Markets have been extremely volatile over the past week due to geopolitical tensions and the US air strike on Iran's nuclear facilities over the weekend. Tensions have escalated with Iran's threat to close the Strait of Hormuz, a strategic shipping lane, which could impact global oil prices. Russia has also reportedly said that some countries are ready to supply Iran with nuclear weapons.
In this context of growing tension, let's see what economic events could impact Bitcoin this week.
First up is the release of key inflation data , starting with the preliminary readings of the June S&P Global manufacturing and services PMIs, due out later today. These purchasing managers' indices are leading economic indicators that analysts use to understand changes in economic conditions and growth rates.
Home sales data and consumer confidence reports are due out on Tuesday , while Federal Reserve Chairman Jerome Powell, who is constantly at odds with Trump , will address Congress to update lawmakers on the central bank’s outlook for inflation and the economy.
Further first-quarter GDP data will be released on Thursday , providing a broader view of the state of the economy and what is expected to happen next.
The big news of the week is Friday with May Personal Consumer Spending (PCE) data , which tracks inflation changes based on consumer spending. The Fed considers the Core PCE index to be the benchmark for measuring inflation in the United States.
A very busy economic calendar, coupled with rising tensions in the Middle East, will likely make this a particularly volatile week for cryptocurrency markets .
Binance Weekly Report: Bitcoin Price Warnings
This week, the cryptocurrency industry recorded a major victory in the stablecoin space , with the U.S. Senate passing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by a vote of 68 to 30. This bill represents the first comprehensive regulatory framework for stablecoins that is completely confidential and compliant with anti-money laundering regulations.
Despite the geopolitical headwinds that keep markets in a risk-off phase, Bitcoin continued to consolidate until Friday, when it collapsed due to tensions between Israel and Iran.
A weekly report from the world’s largest cryptocurrency exchange, Binance , revealed that global markets have been experiencing heightened volatility since the start of the week. The Federal Reserve has kept interest rates steady but investors have been selling their risky assets, including BTC and stocks, in search of safe havens.
Bitcoin and stock markets started last week with a rally, ignoring negative sentiment caused by geopolitical news. BTC reversed course mid-week to $103,500 as investors moved into defensive assets due to fears of a broader geopolitical escalation in the Middle East. The “ flight-to-safety” trend was not unique to Bitcoin, with Ether and other large-cap altcoins also posting similar moves.
Despite the shift from a “risk-on” to a “risk-off” approach , Binance analysts have found resilient structural demand for BTC. The US spot ETF market saw inflows totaling $2.4 billion in the eight-day period ending June 18, a sign of “dip-buying” by long-term investors.
Spot Ethereum ETFs also saw significant positive flows, surpassing $605 million over the same period. Additionally, Ethereum’s on-chain metrics remained positive, with staked ether (ETH locked) reaching a record 34.9 million ETH, or about 28.9% of the circulating supply. Analysts noted that over 500,000 ETH were added to stake in the first two weeks of June.
“This indicates growing confidence in ETH’s yield potential and network security, further tightening available liquidity,” Binance said.
Max Keiser Predicts Bitcoin to $800K on 'Bond Apocalypse'
Bitcoin was currently a few hundred dollars below $102,000 after a 4% decline in the last 24 hours, but Max Keiser suggests this volatility is just a small tremor before a seismic surge to $800,000.
In an interview, the legendary BTC expert said that the 10-year Japanese BTP (JGB) yield is the “pivotal point” that threatens financial collapse and could trigger Bitcoin’s epic mission to the moon.
“There is one piece of data that is the linchpin of the entire global financial system… It is the interest rate on the 10-year Japanese bond,” Keiser said.
Currently, the yield is hovering around 3.5%, and any increase, the market observer warns, could cause the collapse of a decades-old system, the so-called “yen carry trade ,” in which Wall Street borrowed yen at near-zero interest to fuel speculative investments.
“The Japanese economy will have to start selling U.S. Treasuries to keep itself stable, which would create a cascade effect, what I call the bond apocalypse, with the global bond market collapsing.”
He added that if this were to happen, trillions of dollars of capital would flee from crisis-ridden government debt and flow directly into Bitcoin.
“In that environment, Bitcoin could easily skyrocket to $500,000, then $600,000, then $800,000.”
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