Skip to main content

Market Overview

Bitcoin, Ethereum, XRP, Dogecoin Weaken On Iran-Israel Tensions – Reclaim $105,000 Or Brace For Sideways Summer

Share:
Bitcoin, Ethereum, XRP, Dogecoin Weaken On Iran-Israel Tensions – Reclaim $105,000 Or Brace For Sideways Summer

The cryptocurrency market is showing weakness at the start of the week, as geopolitical fears intensify with the U.S. stepping deeper into the Iran-Israel conflict. Bitcoin is holding above $100,000 but remains under pressure after weekend volatility.


Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $101,513.69 -0.95%
Ethereum (CRYPTO: ETH) $2,247.76 -0.57%
Solana (CRYPTO: SOL) $133.90 -0.46%
XRP (CRYPTO: XRP) $1.99 -2.3%
Dogecoin (CRYPTO: DOGE) $0.1518 -2.1%
Shiba Inu (CRYPTO: SHIB) $0.00001079 +0.06%

Notable Statistics:

  • IntoTheBlock data shows that Bitcoin and Ethereum’s large transaction volume increased 53.9% and 55.6%, respectively. However, daily active addresses for both witnessed a decline of 10% and 16.3%, respectively.
  • CoinGlass data shows that 181,115 traders were liquidated in the past 24 hours, with the total liquidations at $627.86 million.
  • SoSoValue data shows net inflows of $6.37 million (as of June 20) into spot Bitcoin ETFs while Spot Ethereum ETFs saw net outflows of $11.3 million.

Trader Notes: Crypto Seth says Bitcoin's high-time-frame strategy remains to hold spot positions, but short-term action hinges on geopolitical developments. If Iran closes the Strait of Hormuz, oil price surges could spark a broader economic shock, potentially dragging crypto lower alongside global markets.

Crypto trader Jelle notes Bitcoin lost its 50-day moving average (MA) and closed back within a prior range, indicating a failed breakout. Reclaiming $105,000 quickly is crucial to avoid a sideways summer of stagnation and uncertainty. The next few days should reveal the market's direction.


Crypto trader Kevin flags Dogecoin’s battle to hold above the weekly 200 SMA & EMA, along with the macro 0.382 Fib level. The critical support zone to watch is $0.1434–$0.1265. Holding this range keeps DOGE's bullish structure intact.


Ted Pillows observes Ethereum has bounced off the $2,100 support, but to turn bullish, ETH must reclaim $2,350. Failure to break out may lead to a retest of prior lows or even deeper correction.

Cas Abbe sees Solana bouncing cleanly off its support — a bullish signal suggesting strong buyer interest. He believes the pending ETF approval has yet to be priced in, positioning SOL for a potential rally in July.

Read Next:

Bitcoin Quietly Entered A New Era In March: Here’s What’s Really Behind It

Photo: Shutterstock

 

Related Articles (BTC)

View Comments and Join the Discussion!

Posted-In: altcoins Expert Ideas MemeCoins Stories That MatterCryptocurrency News Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com