According to @FoxNews, the cryptocurrency market is experiencing a significant downturn, with Bitcoin (BTC) falling 3.8% amid escalating geopolitical tensions between the U.S. and Iran. The selloff was reportedly triggered by President Trump's statements, which increased the perceived odds of U.S. military action against Iran to 65% on the Polymarket prediction market, according to the source. XBTO's Chief Investment Officer, Javier Rodriguez-Alarcón, stated that the conflict introduced a 'significant geopolitical risk premium,' causing a flight from risk assets like crypto. Altcoins such as Ether (ETH) and Solana (SOL) experienced even larger losses of around 7%, as reported in the article. Finequia senior analyst Matteo Greco highlighted the risk of renewed inflation from a potential oil price spike if the conflict disrupts production. Crypto-related stocks, including miners and exchanges like Coinbase (COIN), also saw substantial declines of 2-7%.

According to FoxNews, the cryptocurrency market is experiencing a significant downturn due to escalating geopolitical tensions between the U.S. and Iran. Bitcoin (BTC) has fallen 3.8%, trading below $104,000, while major altcoins like Ether (ETH) and Solana (SOL) have slumped by 7%. Javier Rodriguez-Alarcón, CIO at XBTO, stated that the conflict introduced a 'significant geopolitical risk premium,' causing a flight from risk assets like crypto. Additionally, Finequia analyst Matteo Greco warned that any impact on Iran's oil production could spike inflation, further pressuring markets. This risk-off sentiment has also hit crypto-related stocks, with miners like Riot Platforms (RIOT) and CleanSpark (CLSK) dropping 6-7%. Despite the downturn, some analysts note that weakening U.S. economic data, such as higher-than-expected jobless claims, could potentially force the Federal Reserve to cut interest rates, which may act as a future catalyst for risk assets.

According to Francisco Rodrigues, Bitcoin is trading near $105,000 with a 1.4% decline over 24 hours, showing resilience due to corporate accumulation like Strategy adding over 10,000 BTC and institutional demand. QCP Capital analysts noted BTC's stability despite escalating Middle East tensions, with Polymarket data indicating U.S. intervention odds rising to 62%. The Senate's approval of the GENIUS Act is viewed as a structural win for crypto markets, potentially boosting sentiment. Traders are monitoring the Federal Reserve's interest-rate decision, expected unchanged, which could influence risk asset movements amid geopolitical risks.

According to Fox News, a senior Iranian official has warned that US involvement in the ongoing conflict would be 'very dangerous,' raising concerns over potential market volatility. This geopolitical tension has historically led to increased risk-off sentiment in global markets, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Traders are closely monitoring safe-haven flows and volatility indices as sudden escalations can cause rapid price swings and liquidity shocks in the crypto market (Source: Fox News, June 21, 2025).

According to Fox News, former Israeli Military Intelligence Chief Amos Yadlin stated on Special Report that resolving the ongoing conflict quickly requires addressing Iran’s Fordow nuclear site. Yadlin emphasized that any effective strategy to end the war must include neutralizing Fordow, a critical facility in Iran’s nuclear program. This development is significant for cryptocurrency traders as heightened geopolitical tensions in the Middle East historically impact oil prices, often leading to increased volatility in global financial markets, including Bitcoin (BTC) and Ethereum (ETH) trading. Source: Fox News (@FoxNews, June 21, 2025).