This past week was a rollercoaster for investors — not just beginners. Rising geopolitical tensions between the U.S. and Iran shook global markets, sending Bitcoin tumbling below 86.000 € ($100,000) and triggering panic across the crypto space. But after a sudden ceasefire, markets rebounded swiftly, and both Bitcoin and Ethereum are now showing signs of strength. XRP is also on breakout watch. Let’s break down the events, the impact, and what could come next.
Let’s explore what’s happening in CryptoUnity’s weekly crypto news.
Bitcoin Drops Below 86.000 € ($100,000) After U.S. Strikes on Iran, as Fears of Wider Conflict Grow
Bitcoin (BTC) and the broader crypto market faced sharp volatility over the weekend after U.S. President Donald Trump confirmed U.S. targeted airstrikes on Iranian nuclear facilities. The news triggered an immediate market reaction, with Bitcoin falling below 87.500 € ($100,000) and briefly dipping under 86.000 € ($100,000)—its lowest level in over six weeks.
The U.S. entering direct conflict with Iran raised immediate fears of a broader escalation. Concerns quickly spread after reports that Iran might respond by attempting to close the Strait of Hormuz—a critical global oil supply route. Markets reacted to the potential scenario where other nations could get involved, increasing fears of a wider regional war or even a global conflict. As these concerns grew, traders started pricing in the possibility of Bitcoin dropping further, potentially toward the 79.000 € ($92,000) level, while closely watching developments in the Middle East.
Ethereum also fell sharply, briefly touching 1.890 € ($2,200) before recovering alongside the broader market.
Ceasefire Boosts Markets as Risk Appetite Returns
Just two days after the sharp sell-off triggered by U.S. airstrikes on Iran, markets began to stabilize and recover as news of a ceasefire agreement between Israel and Iran spread. U.S. President Donald Trump announced the ceasefire on June 24, calling it a “complete and total ceasefire” and stating it would go into effect within hours. The announcement helped ease market fears of a prolonged regional conflict and potential disruption of global oil routes through the Strait of Hormuz.
The crypto market responded immediately. Bitcoin surged back above $105,000, while Ethereum gained over 7%, climbing above 2.050 € ($2,400). The total crypto market cap jumped by more than 4%, recovering to 2.8 € trillion ($3.26 trillion). Analysts noted a clear return to “risk-on” sentiment, with buyers re-entering the market and crypto assets leading the rebound.
Trump referred to the prior 12-day escalation as “The 12 Day War” and credited both sides for agreeing to end the hostilities. Markets interpreted the development as a sign of reduced geopolitical risk, with capital flowing back into Bitcoin and other major assets.
Market data also showed a sharp increase in trading volume and rising strength in technical indicators like RSI. Analysts observed a bullish flag formation in the total market cap chart, suggesting room for further upside if resistance levels are broken. The outlook remains cautiously optimistic, with confidence returning across both crypto and traditional financial markets.
Bitcoin and Ethereum: Gearing Up for the Next Move?
Bitcoin recently jumped to 93.200 € ($108,200), up 10% from its low of 84.500 € ($98,400) just a few days earlier. This fast spike was seen as a classic “liquidity grab,” where prices shoot up to push out traders betting against the market. Since then, Bitcoin has been holding above 90.000 € ($105,000) and is now forming a bullish pattern that could push it as high as 141.000 € ($165,000) in the coming weeks. On top of that, long-term investor confidence remains strong — exchange flows are at a 10-year low, meaning most holders aren’t rushing to sell.
Analysts are also watching closely as the U.S. Federal Reserve may have more room to cut interest rates. Fed Chair Jerome Powell said new trade agreements could open the door for lower rates — a move that usually supports risk assets like crypto.
Ethereum has also been climbing. It passed 2.050€ ($2,400) and is now heading toward a key liquidity zone near 2.150 € ($2,500). If buyers step in, ETH could break out higher, helped by rising interest in Ethereum ETFs and strong trading patterns.
In short, both Bitcoin and Ethereum are showing strength — and if market momentum continues, a bigger rally might just be around the corner.
XRP Consolidates in Tight Range – Is a Breakout Just Around the Corner?
XRP has been consolidating between 1,72 € ($2.00) and 2,06 € ($2.40) for the past three months, with analysts pointing to a potential breakout between early July and mid-September. The price is forming a symmetrical triangle, a setup that often precedes major moves.
To confirm the bullish trend, XRP must break and hold above 2,06 € ($2.40). If successful, analysts see upside potential toward $3.00, $8, or even $14, based on historical patterns and Fibonacci projections. However, failure to clear this resistance could send the price back toward 1,64 € ($1.90).
Momentum is building, and many are watching closely—any strong move could mark a long-awaited shift out of the current range.
From panic to recovery in just days, this week proved how quickly the crypto market can turn — and why staying informed is essential. With Bitcoin and Ethereum stabilizing and XRP nearing a critical point, the coming days could bring more decisive moves. Whether you’re trading or holding, now’s the time to stay alert and watch the charts closely.
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