According to @KookCapitalLLC, despite a constructive macroeconomic backdrop, the broader crypto market is showing signs of fatigue and potential profit-taking. Major cryptocurrencies including Dogecoin (DOGE), Tron (TRX), XRP (XRP), BNB (BNB), Solana (SOL), and Cardano (ADA) have posted losses between 3% and 5.5%. Ether (ETH), which recently outperformed, has also cooled after briefly touching $2,800, prompting cautious traders to lock in gains near resistance levels. However, analysts remain positive on the macro outlook. Augustine Fan of SignalPlus noted that mainstream sentiment has improved following Circle's successful IPO, as cited in the report. Jeffrey Ding, Chief Analyst at HashKey Group, pointed to progress in U.S.-China trade talks and softer inflation data as favorable for risk assets. Separately, a frenzy among South Korean retail investors has driven Circle (CRCL) stock up over 500% since its debut, with nearly $450 million invested this month, a trend linked to the country's upcoming legalization of KRW-backed stablecoins.

According to @MilkRoadDaily, escalating geopolitical tensions, fueled by President Trump's social media statements regarding Iran, have triggered a significant downturn in the cryptocurrency market. Bitcoin (BTC) experienced a 3.8% drop, falling below the $104,000 level. The broader market followed suit, with an index tracking the top 20 cryptocurrencies declining by 6.1%. Major altcoins like Ether (ETH) and Solana (SOL) both slumped by 7%, while Sui (SUI) dipped nearly 10%. The sell-off extended to crypto-related equities, with Coinbase (COIN) and MicroStrategy (MSTR) down 2-3%, and Bitcoin mining firms such as Riot Platforms (RIOT) and Hut 8 (HUT) losing 6-7%. Javier Rodriguez-Alarcón, CIO at XBTO, stated that the conflict introduced a "significant geopolitical risk premium," causing a flight from risk assets. Analyst Matteo Greco from Finequia added that potential impacts on Iran's oil production could lead to price spikes and renewed inflation. Prediction markets on Polymarket now indicate a 65% probability of U.S. military action against Iran before July.