Bitcoin’s $100K Dream Shattered as Iran’s Looming Retaliation Sparks Market Panic

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Coindesk

Release Time:

2025-06-23 16:45:14

Bitcoin Bounce Fails, Tumbling Below $100K as Iran Reportedly Prepares Retaliation Against U.S.

Bitcoin's rally hits a wall—crashing below the psychological $100K barrier as geopolitical tensions flare.

Here's why traders are sweating:

Iran's shadow play: Reports of imminent retaliation against the U.S. sent shockwaves through crypto markets. No safe havens when the missiles start flying—not even digital gold.

Technical breakdown: The failed bounce confirms what chartists feared. That 'generational buying opportunity' at $95K? Looks more like a falling knife now.

Wall Street's two cents: 'Risk-off means risk-off,' quips one hedge fund manager while shorting BTC with your pension funds. Some things never change.

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