us iran conflict crypto Archives - Coin Engineer https://coinengineer.net/blog/tag/us-iran-conflict-crypto/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 23 Jun 2025 20:37:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png us iran conflict crypto Archives - Coin Engineer https://coinengineer.net/blog/tag/us-iran-conflict-crypto/ 32 32 Crypto Markets Drop Amid Geopolitical Tensions https://coinengineer.net/blog/crypto-markets-drop-amid-geopolitical-tensions/ https://coinengineer.net/blog/crypto-markets-drop-amid-geopolitical-tensions/#respond Mon, 23 Jun 2025 08:19:09 +0000 https://coinengineer.net/blog/?p=44840 The cryptocurrency market began the new week with sharp declines. The total market capitalization dropped by $36 billion, falling to $3.06 trillion. This drop followed Sunday’s $138 billion losses triggered by the U.S. attack on Iran.  The market remained below the critical resistance level of $3.09 trillion. If this level is not reclaimed, the market

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]]> The cryptocurrency market began the new week with sharp declines. The total market capitalization dropped by $36 billion, falling to $3.06 trillion. This drop followed Sunday’s $138 billion losses triggered by the U.S. attack on Iran. 

The market remained below the critical resistance level of $3.09 trillion. If this level is not reclaimed, the market cap could fall further to $3.00 trillion. Failing to hold this support increases the potential for further losses. However, if the $3.09 trillion level is broken, the market value could rise to $3.16 trillion. Geopolitical tensions in the Middle East have put pressure on investors, maintaining uncertainty in market sentiment. 

btc liqudation heatmap 24 hour

Bitcoin Holds at $101,000 Support 

Bitcoin tested below $99,000 over the weekend due to the U.S.-Iran conflict. It quickly recovered to $101,102. If this level holds, Bitcoin could rise to $102,734, signaling potential recovery for the market. If it fails to stay above $100,000, the price could drop to $98,000. These critical levels represent significant risk points for investors. 

Additional Market Data 

In the last 24 hours, $875 million worth of liquidations occurred in the crypto market. This high liquidation volume indicates increased volatility and market risk. 

As Bitcoin tested below $99,000, major altcoins like Ethereum and Solana also experienced double-digit losses. Around 380,000 investors had to close their leveraged positions. Of these, $233 million were Bitcoin positions, and $175 million were Ethereum. A total of $304.03 million in positions were liquidated in the last 24 hours—$230.85 million in long and $73.18 million in short trades. The largest liquidations occurred in the BTC-USDT (OKX) pair at $4.06 million, ETH-USDT (Binance) at $2.96 million, and ETH-USDT (OKX) at $2.50 million. 

Geopolitical uncertainty is increasing market volatility and causing investors to act cautiously. At the time of writing, Bitcoin is trading at $101,850. 

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