Geopolitical Tensions Put Pressure on Bitcoin and Ethereum Prices Today!

Jakarta, Pintu News – In the past 24 hours, Bitcoin has decreased by 1.16% while Ethereum lost 2.79% of its value. Heightened geopolitical tensions and macroeconomic uncertainty have put immense pressure on the crypto market. US President Donald Trump’s demand for Iran to surrender unconditionally and his threats against the Iranian leader have significantly lowered market confidence.

Oil price volatility, which is affected by the situation in the Middle East, also impacts the overall economy. Rising energy costs can reduce consumer purchasing power and potentially affect crypto markets in the long run. This situation shows how sensitive the crypto market is to global economic and political changes.

Crypto Market Volatility and Liquidity

Bitcoin (BTC) has entered a consolidation phase over the past month, where no strong trend has emerged. This lack of trend makes BTC highly influenced by current news and reactions to tweets. For example, the public spat between Elon Musk and Donald Trump on June 13 has created significant price movement.

This price movement is characterized by rapid changes that show that the price tends to gravitate towards liquidity zones. At the time of writing, an important support level is at $104.6k. If the daily session closes below $104k-$104.5k, it could indicate that the price will move towards $102k or even $100k.

Also Read: Bitcoin Survives Global Uncertainty, Will it Continue to Rise?

Altcoin Market Dynamics and Bitcoin’s Dominance

The altcoin market is also experiencing a bearish phase and has not been able to cross the $1.24 trillion cap. Using the concept of price action, this region is a bearish order block from February. With the weak ETH/BTC ratio and the increasing dominance of Bitcoin, altcoin investors need to be patient in dealing with the current market.

Bitcoin’s strengthening dominance suggests that investors may prefer the security offered by Bitcoin compared to altcoins in uncertain market conditions. This is a challenging time for investors seeking profits in the altcoin market, and requires a well-thought-out strategy and patience.

Cover: Crypto Market Outlook Amid Uncertainty

With continued geopolitical and economic uncertainty, the crypto market is expected to remain volatile in the near future. Long-term investors and holders may need to carefully consider their strategies amidst these volatile market conditions. Monitoring global developments and understanding their impact on crypto markets is key to successful navigation.

Also Read: Is it Time to Invest in Solana (SOL)? New ETF Fuels Speculation!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Why is crypto down today? Geopolitical tensions, fear of war dictate Bitcoin’s price action. Accessed on June 20, 2025
• Featured Image: Generated by AI