Bitcoin's price fell 4-6% from June 12 to June 15, resulting in nearly $200 billion in losses for the cryptocurrency market.
Bitcoin Price Decline Amid Conflict
Bitcoin fell 4-6% between June 12 and June 15, erasing almost $200 billion from the overall market capitalization of the cryptocurrency universe. This decline occurred against the background of heightened bearish sentiment due to escalating military tensions between Israel and Iran.
ETF Inflows Support During Turmoil
Despite the initial selloff, Bitcoin remained in the $104K-$105K range during the period of tension. According to Santiment, consistent ETF inflows helped support this price floor. Institutional investors appear to treat geopolitical fears as an entry point for long-term positions.
Growing Interest in Bitcoin Among Traders
Between March 17 and June 18, Bitcoin rallied from under $68K to over $108K alongside rising social media discussions regarding Israel and Iran. Mentions of both countries increased, contributing to Bitcoin’s appeal as a hedge against risks. Traders closely monitored narratives related to the conflict to forecast potential future movements in the market.
Bitcoin faced downward pressure during the escalation of the conflict, but ETF inflows and rising interest from traders helped stabilize the situation. In the context of complex geopolitical realities, Bitcoin continues to be viewed as a safe-haven asset.
