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: …

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