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The conflict in the Middle East has caused Bitcoin to fall alongside equities, while gold and oil have strengthened. As noted at the end of April, Bitcoin has yet to become a direct hedge against risk or a safe haven like gold. However, over the longer term, Bitcoin serves as a hedge against broader systemic risks such as monetary devaluation and capital controls.

Bitcoin fell by up to 5% over the last two days, largely driven by reports and rumors of escalating conflict between Israel and Iran—culminating in an Israeli attack on Iran. I agree with those who believe the market has not fully accounted for the risks of a wider war. In this week's episode of Token Narratives, I mentioned that if a general war breaks out, expect risk assets like Bitcoin and crypto to fall further.

$ETH Ethereum (ETH) is currently trading at $2,539.67 with a slight increase. Here's a brief overview¹:
- *Current Price*: $2,539.67
- *Closing Price (June 13, 2025)*: $2,523.40
- *Exchange*: Binance
- *Currency*: USD

If you're interested in exploring more about Ethereum or other cryptocurrencies, you can check out platforms like Binance for live prices and market data. Some other related cryptocurrencies include² ³ ⁴:
- *Wrapped Beacon ETH (WBETH)*: $2,721.06
- *Ethena (ENA)*: $0.29
- *(link unavailable) (ETHFI)*: $1.06

You can also look into investment products like the iShares Ethereum Trust ETF (ETHA), which is currently priced at $20.39 with a -4.32% change.⁵

$BTC Bitcoin (BTC) is currently trading at $104,827.56 with a 2.10% decrease in value. The market cap stands at $2.17 trillion. If you're interested in converting BTC to IDR, the current rate is approximately Rp 1,707,906,738.63 per Bitcoin, with a 2.43% increase in the last hour.

Here are some key statistics¹ ²:
- *Current Price*: $104,827.56
- *Market Cap*: $2.17 trillion
- *24-hour High*: $108,450.16
- *24-hour Low*: $102,664.31
- *Circulating Supply*: 19.87 million BTC
- *Max Supply*: 21 million BTC

You can find Bitcoin on various exchanges like Binance. If you're looking to trade BTC in IDR, platforms like Indodax offer market data and trading features.³

#IsraelIranConflict The Israel-Iran conflict has escalated significantly since April 2024, with both countries engaging in direct confrontations. Here's a breakdown of the key events:
- *Israeli Airstrike on Iranian Embassy*: On April 1, 2024, Israel bombed the Iranian embassy in Damascus, killing several senior Iranian officials, including Mohammad Reza Zahedi, a commander for the Quds Force. This led to a significant escalation in tensions.
- *Iranian Retaliation*: In response, Iran launched strikes inside Israel on April 13, 2024, with around 300 drones and multiple ballistic missiles. The US, UK, France, and Jordan intercepted many of these projectiles to defend Israel.
- *Israeli Counterattack*: Israel retaliated on April 19, 2024, with limited strikes on Iranian targets, signaling a desire to de-escalate the situation. Iran chose not to respond further.
- *Assassinations and Further Escalation*: The conflict intensified after the assassination of Ismail Haniyeh, the Hamas leader, in Tehran on July 31, 2024, and Hezbollah commander Fuad Shukr in Lebanon. Iran and Hezbollah vowed retaliation.
- *Recent Developments*: On October 1, 2024, Iran launched a series of missiles at Israel, prompting Israeli retaliatory strikes on October 26, 2024. More recently, on June 12, 2025, Israel launched several airstrikes against Iranian nuclear facilities and infrastructure.

The conflict is part of a broader proxy war between Iran and Israel, with each side supporting opposing groups in the region. Iran backs Hezbollah in Lebanon and Hamas in Gaza, while Israel seeks to counter Iranian influence and prevent it from acquiring nuclear weapons

#TrumpTariffs Donald Trump's tariffs have been a significant aspect of his economic policy, particularly in his second term as US President. Here's a breakdown of the key points¹:
- *Tariff Rates*: The average effective US tariff rate rose to 27% after Trump's "Liberation Day" tariffs, the highest level in over a century. As of June 1, 2025, the rate stands at 15.1% after some rollbacks.
- *Trade Wars*:
- *China*: Trump escalated the China-US trade war, raising baseline tariffs on Chinese imports to 145%. China retaliated with a minimum 125% tariff on US goods and export restrictions on rare earths.
- *Canada and Mexico*: Trump initiated a trade war with Canada and Mexico, imposing 25% tariffs, but later granted exemptions for goods compliant with the USMCA.
- *Sector-Specific Tariffs*:
- *Steel and Aluminum*: 50% tariff on steel and aluminum products from all countries, effective June 4, 2025.
- *Automobiles*: 25% tariff on automobiles.
- *Legality and Criticism*:
- *Court Rulings*: The United States Court of International Trade ruled that Trump overstepped his authority by imposing "fentanyl tariffs" and "reciprocal tariffs". The decision was stayed pending appeals.
- *Economic Impact*: Many economists criticized Trump's tariff policies, warning of higher prices, larger deficits, and greater inequality. The tariffs contributed to downgraded GDP growth projections and rising recession expectations.
- *Negotiations and Deals*:
- *China*: The US and China agreed to cut tariffs introduced after "Liberation Day" to 10% for 90 days.
- *United Kingdom*: The US reached a limited framework agreement with the UK, cutting tariffs on certain products while keeping the 10% minimum tariff largely in place.

Overall, Trump's tariffs have sparked controversy and debate, with some arguing they will protect American industries and others warning of negative economic consequences.

$BTC Bitcoin (BTC) is currently trading at around $103,350, with a 4.85% decrease in the last 24 hours. Its market capitalization stands at approximately $2.17 trillion. Here are some key details about Bitcoin:
- *Current Price*: $103,350
- *24-hour Range*: $103,213.87 - $108,759
- *Market Capitalization*: $2.17 trillion
- *Open Price*: $108,620.84
- *Previous Close Price*: $108,620.85

In Indonesian Rupiah, Bitcoin is trading at around Rp 1,784,118,240, with a market capitalization of Rp 34.196 trillion. The circulating supply of Bitcoin is approximately 19.878 million BTC, with a maximum supply of 21 million BTC.

$ETH Ethereum (ETH) is currently trading at around $2,869.79, with a 5.36% increase in the last 24 hours. Its market capitalization stands at approximately $346.44 billion. Here are some key details about Ethereum¹:
- *Current Price*: $2,869.79
- *24-hour Range*: $2,730.46 - $2,877.63
- *Market Capitalization*: $346.44 billion
- *Circulating Supply*: 120.72 million ETH
- *All-Time High*: $4,891.70 (November 16, 2021)
- *All-Time Low*: $0.4209 (October 21, 2015)

Ethereum is a decentralized, open-source blockchain system featuring smart contract functionality. It enables developers to build decentralized applications (dApps) and issue new cryptocurrencies. The platform transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus with "The Merge" in September 2022, significantly reducing energy consumption.²

You can buy Ethereum on various exchanges, including Gemini. Some popular tokens built on the Ethereum blockchain include³:
- *Chainlink (LINK)*
- *Unus Sed Leo (LEO)*
- *Shiba Inu (SHIB)*
- *Tether Gold (XAUt)*
- *Ethereum Name Service (ENS)*

#CryptoRoundTableRemarks Crypto Roundtable Remarks
The crypto roundtable discussion covered various topics, including:

Market Trends:
- *Bullish Sentiment*: Some participants expressed optimism about the current market trends, citing growing adoption and institutional interest.
- *Bearish Concerns*: Others raised concerns about market volatility, regulatory uncertainty, and potential downturns.

Regulatory Environment:
- *Clearer Regulations*: Participants emphasized the need for clearer regulations to provide certainty for investors and businesses.
- *Balancing Innovation and Protection*: The importance of striking a balance between fostering innovation and protecting investors was highlighted.

Adoption and Use Cases:
- *Growing Adoption*: The discussion touched on the increasing adoption of cryptocurrencies in various industries, such as finance, gaming, and social media.
- *Real-World Use Cases*: Participants shared examples of real-world use cases, including cross-border payments and decentralized finance (DeFi) applications.

Future Outlook:
- *Long-Term Potential*: Many participants believe in the long-term potential of cryptocurrencies, despite short-term market fluctuations.
- *Evolving Landscape*: The discussion acknowledged the rapidly evolving nature of the crypto landscape, with new developments and innovations emerging regularly.

The roundtable provided valuable insights into the current state of the crypto market and the diverse perspectives of industry experts.

#CryptoCharts101 Crypto Charts 101
Crypto charts are visual representations of cryptocurrency price movements over time. Understanding these charts is crucial for making informed trading decisions.

Key Chart Types:
- *Line Chart*: Displays the closing price of a cryptocurrency over a specific period.
- *Candlestick Chart*: Shows the open, high, low, and close prices for a given period.
- *Bar Chart*: Displays the price range for a specific period using vertical bars.

Chart Patterns:
- *Trend Lines*: Lines drawn to connect highs or lows, indicating market direction.
- *Support and Resistance*: Levels where the price tends to bounce or reverse.
- *Head and Shoulders*: A reversal pattern indicating a potential change in trend.

Technical Indicators:
- *Moving Averages*: Smooth out price data to identify trends.
- *Relative Strength Index (RSI)*: Measures the magnitude of price changes to identify overbought or oversold conditions.
- *Bollinger Bands*: Measure volatility and identify potential breakouts.

Tips for Reading Crypto Charts:
- *Identify Trends*: Use chart patterns and indicators to determine market direction.
- *Set Entry and Exit Points*: Use support and resistance levels to plan trades.
- *Monitor Volatility*: Use indicators like Bollinger Bands to gauge market volatility.

By mastering crypto chart analysis, you can make more informed trading decisions and improve your overall trading performance.

#TradingMistakes101 Trading Mistakes 101
Avoiding common trading mistakes can help you minimize losses and achieve your trading goals. Here are some key mistakes to watch out for:

1. Lack of Planning
- *Undefined Goals*: Not having clear trading goals can lead to impulsive decisions.
- *No Trading Plan*: Failing to develop a detailed trading plan can result in inconsistent performance.

2. Emotional Trading
- *Fear and Greed*: Letting emotions drive trading decisions can lead to poor outcomes.
- *Revenge Trading*: Trying to recoup losses by taking risky trades can exacerbate losses.

3. Insufficient Risk Management
- *Over-Leveraging*: Using too much leverage can amplify losses.
- *No Stop-Loss Orders*: Failing to set stop-loss orders can lead to significant losses.

4. Poor Market Analysis
- *Inadequate Research*: Not conducting thorough market analysis can lead to uninformed decisions.
- *Ignoring Market Trends*: Failing to consider market trends can result in missed opportunities or losses.

5. Overtrading
- *Excessive Trading*: Trading too frequently can lead to increased costs and reduced performance.
- *Lack of Patience*: Not waiting for the right trading opportunities can result in poor outcomes.

Tips for Avoiding Trading Mistakes:
- *Develop a Trading Plan*: Create a detailed plan outlining your goals, strategies, and risk management techniques.
- *Stay Disciplined*: Stick to your trading plan and avoid impulsive decisions.
- *Continuously Learn*: Stay updated with market trends and refine your trading skills.
- *Manage Risk*: Use risk management tools, such as stop-loss orders, to limit potential losses.

By being aware of these common trading mistakes and taking steps to avoid them, you can improve your trading performance and achieve your goal

#CryptoFees101 Crypto Fees 101
Crypto fees are charges associated with transactions on blockchain networks or exchanges. Understanding these fees is crucial for managing costs and optimizing transactions.

Types of Crypto Fees:
- *Transaction Fees*: Fees paid to miners or validators for processing transactions on the blockchain.
- *Exchange Fees*: Fees charged by exchanges for buying, selling, or trading cryptocurrencies.
- *Withdrawal Fees*: Fees charged for withdrawing cryptocurrencies from an exchange or wallet.

Factors Affecting Fees:
- *Network Congestion*: High network activity can increase transaction fees.
- *Transaction Size*: Larger transactions may incur higher fees.
- *Fee Structures*: Different exchanges and wallets have varying fee structures.

Tips for Minimizing Fees:
- *Choose Low-Fee Options*: Select exchanges or wallets with competitive fee structures.
- *Optimize Transaction Timing*: Consider transacting during periods of lower network congestion.
- *Use Fee Estimation Tools*: Utilize tools that estimate fees to avoid overpaying.

Current Fee Trends:
- *Bitcoin Transaction Fees*: Currently around 0.0001 BTC per transaction.
- *Ethereum Gas Fees*: Vary based on network congestion and gas prices.

By understanding crypto fees and taking steps to minimize them, you can reduce costs and enhance your overall trading experience

#CryptoSecurity101 Crypto Security 101
Crypto security is crucial to protect your digital assets from unauthorized access and potential losses. Here are some key considerations:

Best Practices:
- *Use Strong Passwords*: Create unique and complex passwords for all crypto accounts.
- *Enable 2FA*: Activate two-factor authentication to add an extra layer of security.
- *Keep Software Up-to-Date*: Regularly update wallet software and other crypto-related applications.
- *Use Secure Wallets*: Choose reputable and secure wallets, such as hardware wallets or cold storage solutions.

Common Threats:
- *Phishing Attacks*: Be cautious of phishing attempts that aim to steal sensitive information.
- *Malware*: Protect your devices from malware that can compromise your crypto assets.
- *Scams*: Be aware of scams, such as fake investment opportunities or phishing schemes.

Tips for Secure Trading:
- *Use Reputable Exchanges*: Choose well-established and secure exchanges with a good track record.
- *Monitor Accounts*: Regularly check your account activity and report any suspicious transactions.
- *Use Secure Communication*: Use secure communication channels, such as encrypted messaging apps, when discussing crypto-related matters.

#TradingPairs101 Trading Pairs 101
Trading pairs refer to the two assets that are being traded against each other in a single transaction. In cryptocurrency trading, trading pairs typically consist of a cryptocurrency and a fiat currency or another cryptocurrency.

Types of Trading Pairs:
- *Fiat Pairs*: Trading pairs that involve a fiat currency, such as USD, EUR, or JPY.
- *Crypto Pairs*: Trading pairs that involve two cryptocurrencies, such as BTC/ETH or ETH/LTC.

Key Considerations:
- *Liquidity*: Choose trading pairs with high liquidity to minimize transaction costs and ensure faster execution.
- *Volatility*: Be aware of the volatility of the trading pair, as it can impact potential profits and losses.
- *Correlation*: Understand the correlation between the two assets in the trading pair, as it can impact trading decisions.

Popular Trading Pairs:
- *BTC/USD*: A popular trading pair for Bitcoin and US Dollar.
- *ETH/BTC*: A popular trading pair for Ethereum and Bitcoin.

Tips for Traders:
- *Monitor Market Trends*: Stay up-to-date with market trends and news to anticipate potential price movements.
- *Set Clear Goals*: Define clear trading goals and strategies to minimize risks and maximize profits.
- *Manage Risk*: Use risk management tools, such as stop-loss orders, to limit potential losses

#Liquidity101 Understanding Liquidity
Liquidity refers to the ability to buy or sell assets quickly and at a fair price. In financial markets, liquidity is crucial as it determines how easily you can enter or exit a trade without significantly impacting the market price.

Key Aspects of Liquidity:
- *Market Depth*: The ability to buy or sell large quantities of an asset without significantly impacting its price.
- *Trading Volume*: Higher trading volumes typically indicate greater liquidity, making it easier to buy or sell assets.
- *Bid-Ask Spread*: A smaller bid-ask spread indicates higher liquidity, as it shows that buyers and sellers are closely aligned on prices.

Importance of Liquidity:
- *Reduced Risk*: Liquid markets tend to be less volatile, reducing the risk of significant price movements.
- *Tighter Bid-Ask Spreads*: Liquid markets often have tighter bid-ask spreads, resulting in lower transaction costs.
- *Increased Efficiency*: Liquid markets facilitate faster and more efficient trading, allowing traders to quickly respond to market opportunities.

Current Market Liquidity:
Looking at current market data, the S&P 500 and Nasdaq indices show relatively stable liquidity, with the S&P 500 trading at around 6,012.80 and the Nasdaq at approximately 21,826.80.¹ ²

Tips for Traders:
- *Monitor Market Depth*: Keep an eye on market depth to gauge liquidity and potential price movements.
- *Choose Liquid Assets*: Focus on assets with high trading volumes and liquidity to minimize transaction costs and risks.
- *Stay Informed*: Stay up-to-date with market news and trends to anticipate potential changes in liquidity.

#TradingTools101 Here are some essential trading tools to consider:

Charting Platforms
- *Technical Analysis Software*: Utilize platforms like MetaTrader or TradingView for in-depth chart analysis and trend identification.
- *Real-time Data Feeds*: Stay updated with live market data to make informed trading decisions.

Trading Indicators
- *Moving Averages*: Use short-term and long-term moving averages to gauge market trends and potential buy/sell signals.
- *Relative Strength Index (RSI)*: Identify overbought and oversold conditions to anticipate market reversals.
- *Bollinger Bands*: Measure market volatility and potential breakouts.

Market Data and News
- *Financial News Websites*: Stay informed with real-time news and market analysis from reputable sources like Bloomberg or CNBC.
- *Market Sentiment Analysis*: Utilize tools like sentiment indicators or social media analytics to gauge market mood.

Trading Platforms and Brokers
- *Online Trading Platforms*: Choose a reliable platform with competitive fees, robust trading tools, and user-friendly interface.
- *Brokerage Services*: Consider brokers offering advanced trading features, research tools, and customer support.

Risk Management Tools
- *Stop-Loss Orders*: Set automatic sell orders to limit potential losses.
- *Position Sizing Calculators*: Determine optimal trade sizes based on risk tolerance and account balance.

Some popular trading tools and platforms provide real-time data, such as:
- *S&P 500*: Current price 6,014.40, with a 0.13% increase.
- *Nasdaq*: Current price 21,831.90, with a 0.15% increase.¹ ²

#MarketRebound The market rebound is currently underway, with various indices showing positive movements. Here are some key updates¹ ² ³:
- *S&P 500*: Up 0.13% with a current price of 6,014.80, open price of 6,007.60, and a high price of 6,035.60.
- *Nasdaq*: Increased by 0.16% with a current price of 21,834.70, open price of 21,805.00, and a high price of 21,950.90.
- *IHSG (Indonesian Stock Exchange)*: Potentially continuing its rebound, with support at 7,000-7,050 and resistance at 7,170-7,200. BNI Sekuritas recommends stocks like BBRI, CUAN, ADRO, AADI, RAJA, and BREN.

Some factors driving the market rebound include⁴:
- *US-China Trade Negotiations*: Optimism surrounding the progress of trade talks between the US and China has contributed to market gains.
- *Economic Data*: Positive economic indicators, such as China's stimulus package and improved sentiment, have also supported the rebound.
- *Institutional Interest*: Growing institutional interest in assets like Ethereum ETFs has been observed.

However, it's essential to note that market volatility can be unpredictable, and factors like interest rates and tariffs may impact the rebound's sustainability

#NasdaqETFUpdate Here's the latest update on Nasdaq ETFs:

Current Prices
- *QQQ (Invesco QQQ ETF)*: $530.70 (0.15% increase)
- *QQQM (Invesco Nasdaq 100 ETF)*: $218.52 (0.17% increase)
- *JEPQ (JPM Nasdaq Equity Premium)*: $52.80 (0.19% increase)
- *NDQ (Nasdaq 100 ETF - Betashares)*: $49.89 (NAV/unit, no real-time price available)

Performance
- *QQQ*: Outperformed the S&P 500 with a 379.14% increase in returns since its launch in 1999
- *NDQ*: Returned 19.19% in the last year and 23.74% p.a. over the last 3 years

Key Facts
- *QQQ*:
- Tracks the Nasdaq-100 Index with 100 of the largest non-financial companies listed on the Nasdaq
- Has a history of outperformance, beating the S&P 500 Index
- Highly liquid with an average daily trading volume ranking it as the 2nd-most traded ETF in the US
- *NDQ*:
- Aims to track the performance of the Nasdaq 100 Index
- Offers diversified exposure to high-growth potential tech sector companies
- Has a management fee of 0.48% p.a.¹ ²

$ETH Ethereum (ETH) is currently trading at around $2,748.25, with an 8.39% increase in the last 24 hours. Here's a breakdown of its market status¹:
- *Current Price*: $2,748.25
- *Market Cap*: $330.2 billion
- *24-hour Volume*: $24.77 billion
- *Circulating Supply*: 120.72 million ETH
- *All-time High*: $4,891.70 (reached on November 16, 2021)

Some key features of Ethereum include:
- *Decentralized Platform*: Ethereum is an open-source blockchain platform that enables the creation of decentralized applications (dApps) and smart contracts.
- *Smart Contract Functionality*: Ethereum's smart contracts allow for the automation of various processes and transactions, making it a popular choice for developers.
- *Non-Deflationary*: Unlike Bitcoin, Ethereum's total supply is not limited, which allows the network to maintain a minimum issuance rate for security purposes.

Recent news and trends surrounding Ethereum include²:
- *Ethereum ETFs*: Ethereum exchange-traded funds (ETFs) have seen 15 consecutive days of net inflows, indicating growing institutional interest in the asset.
- *Staking*: Ethereum staking has reached a record high, with nearly 28% of the total ETH supply currently staked.
- *Price Predictions*: Analysts are watching the $2,540 level for potential price movements, with some predicting a continued surge in Ethereum's value.

#USChinaTradeTalks US-China trade talks are currently underway in London, with investors eagerly awaiting potential breakthroughs that could impact global markets. The talks are focused on making the deal made in Geneva permanent and avoiding the return of high tariffs. Here's what's happening¹:
- *Market Reaction*: Global equities are mixed, with Asian markets showing gains despite weak Chinese data. US stock futures are slightly lower, while European markets are mostly down.
- *Dollar Impact*: The dollar index has fallen 0.3% to 98.929, with the US-China trade talks potentially supporting the dollar if a deal is reached.
- *Commodity Prices*: Oil prices have ticked lower due to weak Chinese data but remain supported by trade optimism. Brent crude is at $66.09, and WTI is at $64.22 per barrel. Gold futures are flat at $3,344.50 per troy ounce.
- *Currency Movements*:
- *EUR/USD*: Holding firm above 1.1400, supported by renewed US dollar weakness.
- *GBP/USD*: Gaining traction above 1.3550, helped by a weaker US dollar.
- *USD/JPY*: Declining toward 144.00.
- *Key Data*: US inflation data for May is due on Wednesday, which could influence market expectations.
- *Trade War Context*: The US-China trade war began in 2018, with tariffs imposed by both sides. The Phase One trade deal in January 2020 aimed to restore stability, but tensions have escalated again with the return of Donald Trump as US President.