The cryptocurrency market achieved sharp success, with a value of more than $ 150 billion, as the main assets such as Bitcoin (BTC) led to the recession.
As of the time of the press, the total market value reached 3.23 trillion dollars, a decrease from 3.39 trillion dollars just 24 hours ago, which reflects a loss of $ 160 billion.
This decline appears to be driven by the escalation of geopolitical tensions in the Middle East, which rocked global markets.
In the midst of the sale, Bitcoin fell below $ 104,000. At the time of the reports, it was circulated at $ 103,895, a decrease of about 4 % a day and 2 % during the past week.
Just a few days ago, Bitcoin was paying to restore the resistance area of $ 105,000, a major level that could pave the way for the highest new level ever exceeding $ 110,000.
However, a wave of profit appears to have added a declining pressure.
Bitcoin etfs challenge the market shrinkage
Despite the broader recession, the boxes circulating in Bitcoin (ETFS) continued to attract the investor’s attention.
According to the series Data From the Analysis Company SantimMore than $ 1.46 billion has flowed to the BTC investment funds over the past five days, which dates back to June 9. The fixed flow signal continued institutional confidence, even amid low prices.
Even with Bitcoin sliding below $ 104,000 on Tuesday, Bitcoin ETF remains strong. Work on a 5 -day net flow chain, there was a total of more than $ 1.464 billion of money that is transferred to $ BTC‘s ETF, dates back to June 9.
pic.twitter.com/2sci1arudn
– Santiment (Santimentfeed) June 17, 2025
It seems that many current fluctuations are driven by the concerns surrounding the in -depth conflict between Israel and Iran. The hopes for the ceasefire fade, and the financial markets, including encryption, feel pressure.
The situation escalated further after a publication of the controversial social media by President Donald Trump, who claimed that the United States knows where the leader of Iran is Ayatollah Ali Khounai.
While Trump said that the United States will not target him “at the present time”, he called for “an unconditional surrender of Iran”, which has sparked concern about the potential US military participation.
Distinctive image via Shutterstock
