Bitcoin plummets below $100K, geopolitical tensions rise!

Updated

June 23, 2025

Gambar Bitcoin plummets below $100K, geopolitical tensions rise!

Jakarta, Pintu News – Bitcoin experienced a sharp drop below $100,000 for the first time in over a month, triggered by rising geopolitical tensions between the United States and Iran. According to data from CoinMarketCap, the price of Bitcoin (BTC) is currently at $99,666, marking a significant drop from the psychological level of $100,000.

Bitcoin Price Decline: Impact of US-Iran Conflict

Bitcoin (BTC) has been above $100,000 for more than 40 days, but the latest conflict between the US and Iran has pushed the price to a new low. Previously, Bitcoin (BTC) hit a new record high of $111,970 in early May. However, US airstrikes on Iranian nuclear facilities have increased tensions, affecting the crypto market as a whole.

In the past seven days, Bitcoin (BTC) has lost nearly 5% in value, with investors continuing to monitor the charts for further signs of bearishness. The situation is compounded by the Iranian parliament’s decision to close the Strait of Hormuz, a key shipping lane, which is expected to have a major impact on global oil prices.

Market Reaction and Future Predictions

In addition to Bitcoin (BTC), other crypto markets also saw declines. Ethereum lost 9.20% on the day, while Ripple (XRP) and Binance Coin lost 8% and 4% respectively. Dogecoin and Cardano were on the verge of double-digit percentage losses.

This situation shows that geopolitical uncertainty has a significant impact on the crypto market. High-risk crypto trader, James Wynn, predicts that the crypto market will experience further declines, extending his short position on Bitcoin (BTC). Meanwhile, Michael Saylor of Strategy showed composure by hinting at further Bitcoin (BTC) purchases despite rising tensions.

Investor Strategies in the Face of Uncertainty

In the face of this uncertainty, some investors are choosing to strengthen their positions. Michael Saylor, founder of Strategy, remains unfazed by geopolitical tensions and is committed to adding more Bitcoin (BTC) to his company’s balance sheet. This shows that some market participants still see the price drop as an opportunity to invest.

On the other hand, more cautious investors may choose to secure their assets in more stable currencies or other less volatile assets. With the situation constantly evolving, it is important for investors to remain vigilant and be ready to adjust their strategies according to changing market conditions.

Conclusion

Geopolitical tensions continue to put pressure on crypto markets, with Bitcoin (BTC) feeling the impact directly. Investors and analysts alike should remain vigilant for further developments, as this situation could change rapidly and have long-term consequences for the global crypto market.

Also Read: Sharp ADA Decline Amid Geopolitical Tensions, What’s the Impact? (23/6/25)

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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.