Bitcoin (BTC) plunged into the red on Friday as market sentiment worsened as the Middle East crisis escalated. Investors are worried about the US getting involved in the conflict after President Trump warned Iran about not signing a deal.
Bitcoin (BTC) is up over 1% as price action picked up during the ongoing session, allowing it to reclaim $106,000 and move to its current level of $106,155. The flagship cryptocurrency has struggled in recent sessions, struggling to build momentum since losing $110,000 on Wednesday (June 11).
Bitcoin (BTC) remains pinned below $105,000 since Tuesday as growing macroeconomic uncertainty and escalating geopolitical tensions seem to have taken the wind out of the flagship cryptocurrency’s sails.
Bitcoin (BTC) and the broader crypto market tumbled on Tuesday as the conflict between Israel and Iran escalated. The US, under President Trump, has also taken a hardline stance, demanding the complete disarmament of Iran’s nuclear program. Trump also threatened Iran’s supreme leader, Ayatollah Ali Khamenei.
Bitcoin (BTC) made a promising start to the week, surging to an intraday high of $108,944 on Monday. However, the worsening situation in the Middle East prompted a sharp decline as markets turned bearish. As a result, the flagship cryptocurrency dropped to $106,806.
Bitcoin (BTC) has made a positive start to the week after a sluggish weekend, reclaiming $107,000 and moving to its current level of $107,100 after an increase of 1.23%. The flagship cryptocurrency maintained its position above $105,000 despite facing selling pressure, indicating that traders are buying the dip.
Bitcoin (BTC) extended its losses for a second consecutive day, with the price down 0.52% as it struggles to stay above $105,000. The flagship cryptocurrency is currently trading at around $104,951.
Solana (SOL), Cardano (ADA), and Chainlink (LINK) are showing strong potential for reaching new all-time highs, indicating confidence in their future growth.
Learn about the potential for Ripple (XRP) and Litecoin (LTC) to break out in the cryptocurrency market, and which key levels experts are closely monitoring.
Discover the three crypto projects that are earning the trust of major financial institutions such as BlackRock and Franklin Templeton, positioning themselves as potential future giants in the industry.
