List of Flash News about SOL ETF approval
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2025-06-26 22:40 |
Bitcoin (BTC) Drops 2.9% as Israel-Iran Conflict Triggers Crypto Market Rout
According to Francisco Rodrigues, cryptocurrencies declined sharply with Bitcoin (BTC) falling 2.9% and a broad crypto market index dropping 6.1% over 24 hours, driven by Israeli airstrikes on Iran escalating geopolitical tensions and causing a risk-off sentiment among investors. Jake Ostrovskis, an OTC trader at Wintermute, reported that Solana (SOL) had rallied earlier on SEC ETF update speculation but has since tumbled nearly 9.5%, while ETF inflows showed $939 million for BTC and $811 million for ETH month-to-date. Derivatives data indicates increased downside protection, with put/call ratios rising to 1.28 for BTC and 1.25 for ETH, and open interest dropping to $49.31 billion from a peak above $55 billion, according to Velo and Deribit sources. |