Is the US Preparing to Attack Iran? Bitcoin (BTC) Price at Risk of Plummeting?
Jakarta, Pintu News – According to a Bloomberg report released on June 18, the US government is preparing for a possible military strike against Iran that could happen later this week. The situation is still very dynamic with diplomatic talks planned involving foreign ministers from the UK, France, Germany and other countries on Friday.
This uncertainty has sparked concern among global market participants. President Donald Trump, in a statement outside the White House, was reluctant to confirm his decision regarding the possibility of joining forces with Israel to attack Iran.
“Maybe I will, maybe I won’t. Nobody knows what I’m going to do,” he said. This statement adds to the already existing uncertainty, affecting various market sectors including the cryptocurrency market.
Bitcoin (BTC) on the Threshold of Uncertainty
The price of Bitcoin has shown high volatility amidst this geopolitical uncertainty, with the price moving flat in the last 24 hours and now trading around $105,000. The price had dropped to $103,602 due to increased uncertainty in the market. Additionally, trading volumes have decreased by 10% in the last 24 hours, indicating a decrease in interest among traders.
Fears of panic selling that could push Bitcoin (BTC) prices below $100,000 are growing. Data from Polymarket shows a 62% chance of US military action against Iran before July. This adds to the pressure on Bitcoin (BTC) which has already experienced a lot of fluctuations in recent times.
Also read: Ohio Waives Tax for Bitcoin (BTC) Transactions Under $200, What’s the Impact?
Global Market Reaction to US-Iran Tensions
The US stock market showed a decline, while gold prices surged in reaction to preparations for a US attack on Iran. The US Dollar Index rose near 99, indicating increased investor concern over geopolitical risks.
Meanwhile, the yield on 10-year US government bonds remained unchanged at 4.391% after a sharp rise earlier. This heightened tension not only affects financial markets but also has the potential to affect the global economy more broadly.
Investors and analysts continue to monitor the development of the situation, trying to predict the long-term impact of this conflict on global economic and political stability.
Conclusion
The geopolitical uncertainty caused by preparations for a US attack on Iran has created a wave of concern in global markets. This impact has not only been felt in the stock and gold markets, but has also greatly affected cryptocurrency markets such as Bitcoin (BTC). Investors and traders are advised to remain vigilant and consider effective risk management strategies in the face of this uncertain situation.
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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto Times. US to Likely Strike Iran in Coming Days: Bloomberg, Bitcoin Price to Crash. Accessed on June 20, 2025
- Featured Image: Chainalysis
