Bitcoin Struggles To Stay Above $100K As U.S.-Iran Conflict Flares Up
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Crypto Trends 16 – 22 June 2025: Market Analysis and Performance
The crypto market continues to dip following the recent escalations in global conflicts. The recent US air strike on Iran adds to the ongoing battle between the latter and Israel. Meanwhile, the war between Russia and Ukraine continues, and so does the Israel-Palestine conflict. All these hostilities take their toll on the global financial market, and the cryptocurrency sector is not an exception. As a result, most assets lose value steadily with no end in sight. Meanwhile, the market capitalization decreased to around $3.14 trillion.
Bitcoin started the week targeting $110,000. And, for a little while, it seemed that BTC would reach its goal. In fact, the king of cryptocurrency reached as high as $108,700. Unfortunately, that ascent did not last long. Soon, Bitcoin’s value dropped below $105,000. Considering recent global developments, BTC is at risk of falling below the $100,000 level.
Ethereum lost considerable value following weeks of stagnation at around the $2,500 level. The second crypto in command dropped nearly 10% of its trading price. Similar to Bitcoin, Ethereum (ETH) is now struggling to remain above a psychologically significant level. In its case, that support level is at $2,000.
Altcoins & DeFi
Most altcoins are trading in the red, with almost no exceptions. For example, XRP is down 7%, Solana is down 9%, Cardano is down 13%, Avalanche is down 12%, Sui is down 14%, Chainlink is down 9%, Hyperliquid is down 15%, and Stellar is down 10%. Only TRON exceeds all expectations with a 1% increase in value.
The memecoins are not faring any better, either. For instance, Dogecoin is down 11%, Shiba Inu is down 10%, and Pepecoin is down 18%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down 10%, Stacks is down 10%, and Floki is down 17%. Meanwhile, Decentraland is down 11%, Render is down 17%, and ApeCoin is down 16%. The Sandbox decreased by 11% and MultiversX by 11%. On the other hand, Virtuals is down by 28%.
The DeFi sector lost over $7 billion from the total value locked in protocols (TVL), dropping to around $104.80 billion.
Crypto Market Analysis – What’s in the News?
- TRON’s recent improvement may come from the ongoing rumors that Justin Sun’s blockchain project will go public in the US.
Next Week’s Crypto Market Forecast
The crypto market keeps one eye on its performance and the other on the news. Unfortunately, the most significant events in the world currently do not significantly benefit cryptocurrencies. On the contrary, the sentiment is negative, and FUD is high. This downtrend is expected to continue next week if the peace talks are further delayed.
More By This Author:
The Crypto Market Shrinks As Global Conflicts Increase
WMA: Bitcoin Remains Above $100K Despite Trump-Musk Scandal
WMA: Bitcoin Resists Above $100K While The Altcoins Drop More Value
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