According to The Kobeissi Letter, Bitcoin (BTC) has fallen below the critical $100,000 support level and Ethereum (ETH) is down 10% after news of US military strikes on Iran last night. This sharp decline highlights increased market volatility and risk aversion among crypto traders as geopolitical tensions escalate. With equity and commodity futures set to open in 7 hours, traders should anticipate potential spillover volatility into broader markets. These rapid price movements reinforce the importance of monitoring geopolitical developments for crypto trading strategies. Source: The Kobeissi Letter, Twitter, June 22, 2025.