According to Francisco Rodrigues, Israeli airstrikes on Iran sparked a broad cryptocurrency sell-off, with Bitcoin (BTC) falling 2.9% and a key crypto market index declining 6.1% over 24 hours as investors fled to safer assets like gold, which rose 1.3%. Jake Ostrovskis, an OTC trader at Wintermute, stated that the SEC requested Solana ETF issuers to update S-1 filings, potentially accelerating approvals, with Bloomberg ETF analysts Eric Balchunas and James Seyffart assigning a 90% probability of clearance by year-end. Despite this, SOL plummeted 9.5% amid geopolitical uncertainty. Spot BTC ETFs saw $86.3 million in daily net inflows, while derivatives open interest dropped sharply to $49.31 billion, indicating reduced risk appetite, as per Velo data and Farside Investors.

According to CoinDesk, Bitcoin (BTC) dropped 2.9% and the CoinDesk 20 Index fell 6.1% over 24 hours as Israeli airstrikes on Iran fueled global risk aversion, leading to $1.16 billion in liquidations reported by CoinGlass. Wintermute trader Jake Ostrovskis stated that Solana (SOL) ETF optimism persists with a 90% approval probability by year-end per Bloomberg analysts, but Middle East tensions now dominate trader focus with Polymarket indicating a 91% chance of Iranian retaliation.

According to CoinDesk, cryptocurrencies faced significant declines amid heightened geopolitical risks from Israeli airstrikes on Iran, driving a risk-off sentiment across markets. Bitcoin (BTC) fell 2.9% to $104,889.07 over 24 hours, while the CoinDesk 20 Index dropped 6.1%, as reported by CoinDesk. Solana (SOL) plunged nearly 9.5% despite earlier gains from ETF speculation, with Bloomberg analysts citing a 90% probability of SOL ETF approval by year-end. Spot BTC ETFs saw $86.3 million in daily net inflows, contributing to cumulative inflows of $45.29 billion, while ETH ETFs added $112.3 million, according to Farside Investors. Derivative data from Deribit showed increased demand for downside protection, with BTC put/call ratio at 1.28, and open interest dropping to $49.31 billion from a peak of $55 billion, per Velo data. Traders should monitor key support levels like ETH's $2,480 and geopolitical developments for potential volatility.

According to Fox News, @realDonaldTrump stated that the United States now has 'complete and total control' over the skies above Iran as tensions escalate between Iran and Israel. This announcement has heightened concerns over geopolitical risks, which could lead to increased volatility in the cryptocurrency market, especially for safe-haven assets like Bitcoin (BTC) and Ethereum (ETH). Historical data shows that geopolitical instability often triggers capital flows into digital assets (source: Fox News, June 17, 2025). Traders should closely monitor crypto price movements and consider risk management strategies in response to potential market swings.

According to Francisco Rodrigues, bitcoin (BTC) declined 2.9% amid Israeli airstrikes on Iran, causing a 6.1% drop in a broad crypto market index. Jake Ostrovskis noted that Solana (SOL) fell nearly 9.5% despite earlier gains from SEC ETF filing updates, with Bloomberg analysts Eric Balchunas and James Seyffart forecasting a 90% chance of Solana ETF approval by year-end. Derivatives data showed increased demand for downside protection, with BTC put/call ratio at 1.28 and total liquidations hitting $1.16 billion, according to Coinglass.