The crypto markets kicked off the week on a bullish note. Bitcoin surged past $110,000 on Monday, finally breaking out of its weekend consolidation zone. Although the asset encountered resistance at that level, it managed to hover near it through mid-week.
BTC/USD – June 14th, 2025
Source: TradingView
Positive macroeconomic news helped fuel early optimism. A new trade agreement between the U.S. and China and stronger-than-expected Consumer Price Index (CPI) data on Wednesday painted a favorable backdrop. Despite these tailwinds, Bitcoin failed to maintain its momentum and gradually dropped to below $107,000.
By Thursday, bulls made another push, lifting BTC to a local high of $108,500. However, this short-lived rally was quickly erased as news broke of Israel’s aggressive missile campaign against Iran. The immediate aftermath saw Bitcoin plunge by over $5,000, dropping below the $103,000 mark, its sharpest single-day fall in weeks.
Yet, Friday brought signs of recovery. Bitcoin bounced back above $105,000 and even briefly tested $106,000, despite Iran’s retaliatory strike later that night. Surprisingly, the market remained relatively calm during the second wave of conflict.
While traders remain cautious, Bitcoin’s ability to hold above $105,000 is seen by analysts as a bullish short-term signal, provided the $100,000 support holds.
Currently, Bitcoin’s market cap is inching back towards $2.1 trillion according to CoinGecko, while its dominance over the altcoin market stands at a strong 61.5%.
As tensions persist in the Middle East, volatility in the crypto markets is likely to remain elevated. However, analysts remain divided on the near-term outlook for Bitcoin.
If BTC can maintain support above $100,000, there is potential for a renewed push toward $110,000 and possibly even retesting the yearly high. On the flip side, a decisive break below that psychological level could trigger a sharper correction, possibly down to the $95,000 to $97,000 range.
From a technical perspective, Bitcoin remains in a high-risk, high-reward zone. Short-term traders are closely watching RSI and MACD indicators, which currently show signs of bearish divergence. Caution is advised for anyone placing leveraged bets in this environment.
The altcoin market, which took a beating during the initial shock of Israel’s missile strike, is now showing modest gains.
Crypto Market Overview – June 15th, 2025
Source: QuantifyCrypto
The standout performer, however, is HYPE, which has jumped nearly 8% in the last 24 hours, pushing it near its all-time high of $43. Other notable movers include WhiteBIT Token (WBT), Fartcoin, Pi Network (PI), and Internet Computer (ICP).
The total crypto market cap has regained over $60 billion and now sits at approximately $3.4 trillion.
The sharp decline was triggered by Israel’s missile strike on Iran, which created immediate panic in global and crypto markets. The price dropped over $5,000 in hours.
Bitcoin continues to show resilience during global uncertainty. While short-term volatility remains, long-term investors see current levels as potential buying opportunities, especially if $100,000 support holds.
If geopolitical tensions ease and market sentiment improves, a push back to $110,000 is possible. However, it must first hold above key support at $100,000.
Many altcoins are slowly recovering. Ethereum is back above $2,500, and HYPE has shown strong momentum, nearing its ATH. Overall, altcoins are stabilizing as Bitcoin calms.
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