According to Ultra_Calls, cryptocurrencies declined sharply following Israeli airstrikes on Iran, with the CoinDesk 20 Index falling 6.1% and Bitcoin (BTC) dropping 2.9% over 24 hours, as geopolitical tensions spurred a flight from risk assets. Wintermute trader Jake Ostrovskis noted that Solana (SOL) had rallied on SEC ETF filing updates but fell nearly 9.5% amid the conflict, while Polymarket traders assign a 91% chance of Iranian retaliation this month, increasing market uncertainty. Velo data shows derivatives open interest dropped to $49.31 billion, and Deribit data indicates rising BTC and ETH put/call ratios, signaling heightened demand for downside protection amid $1.16 billion in liquidations recorded by CoinGlass.

According to CoinDesk, bitcoin (BTC) fell 2.9% to $104,889 and the CoinDesk 20 Index dropped 6.1% as Israeli airstrikes on Iran triggered a global risk-off sentiment, with Solana (SOL) plunging 9.5% despite earlier ETF optimism. CoinGlass reported $1.16 billion in liquidations, mostly long positions, while spot BTC ETFs saw $939 million in inflows month-to-date per Farside Investors, highlighting heightened geopolitical risks for traders.

According to BRN analyst Valentine Fournier, Bitcoin is overcoming bearish futures and options signals due to growing long-term structural demand, with entities like Texas and Metaplanet solidifying BTC as a strategic reserve, potentially leading to a rebound. Fournier added that Solana SOL could outperform in a recovery, while Ethereum ETH may regain support as volatility cools. Mean Theodorou, co-founder at Coinstash, stated that volatility may persist due to macro conditions like the U.S.-Iran situation, and altcoins such as DOGE, ADA, and SOL are risky amid recent double-digit losses. Key trading events include Fed Chair Jerome Powell's testimony on June 24 and 25 and core PCE data on June 23, which could influence market movements.

According to Charmaine Tam, Head of OTC at Hex Trust, Ethereum's dominance increase to nearly 10% indicates capital shifting towards altcoins like DeFi and AI sectors, supported by over $1.25 billion in ETH ETF inflows. Bitcoin fell 4.7% to $103.3K following Israeli airstrikes on Iran, as reported by CoinDesk, while Singapore's MAS crackdown on offshore crypto firms, linked to 3AC and Terraform Labs failures, takes effect June 30.

According to Crypto Rover (@rovercrc), three oil and chemical tankers have diverted away from the Strait of Hormuz, a critical chokepoint for global energy supplies (source: Twitter, June 23, 2025). This development raises immediate concerns about potential disruptions in global oil supply chains, which historically trigger volatility in both traditional and cryptocurrency markets. Traders should monitor energy-linked tokens and volatility indices, as geopolitical risks in the region often correlate with risk-on movements in major cryptocurrencies such as BTC and ETH. This event may lead to increased safe-haven flows into digital assets, as investors seek alternatives amid global uncertainty.

According to Crypto Rover, the Kremlin has announced that Russia is prepared to support Iran if necessary, signaling potential geopolitical escalation in the Middle East (source: Crypto Rover on Twitter, June 23, 2025). Historically, such developments have led to increased volatility in both traditional and cryptocurrency markets, with traders often seeking safe-haven assets like Bitcoin (BTC) during periods of uncertainty. Immediate price action in BTC and other major crypto assets should be closely monitored for risk-off sentiment and potential volume spikes.

According to Crypto Rover, Israel has launched a new attack on the Fordow nuclear site, prompting immediate volatility across the cryptocurrency market as investors react to heightened geopolitical risks. Historically, such escalations in the Middle East have led to risk-off sentiment, causing Bitcoin (BTC) and Ethereum (ETH) prices to fluctuate as traders seek safe-haven assets or move to stablecoins. Market participants should closely monitor developments for potential rapid price swings and increased trading volume (Source: Crypto Rover via Twitter, June 23, 2025).

According to Fox News, the White House publicly criticized CNN as 'fake news' after CNN reported that Democratic leadership was not briefed on the recent Iran strike. This dispute has heightened political uncertainty, which often contributes to increased volatility in the cryptocurrency market, particularly for assets like BTC and ETH that are sensitive to geopolitical developments (source: Fox News via Twitter, June 23, 2025). Traders should monitor crypto price movements closely as risk-off sentiment could trigger sudden shifts in market direction.

According to The Kobeissi Letter on Twitter, former U.S. President Donald Trump made a statement about 'Making Iran Great Again,' which has led to increased speculation around geopolitical risks and their impact on cryptocurrency markets, especially Bitcoin (BTC). Historically, heightened geopolitical tensions in the Middle East have triggered volatility and safe-haven demand in digital assets like BTC, as traders seek alternative stores of value (Source: The Kobeissi Letter, June 22, 2025). Market participants are closely monitoring any escalation for potential trading opportunities in major cryptocurrencies.

According to The Kobeissi Letter, Israel's Prime Minister Netanyahu announced that Israel has 'interesting intel' regarding the location of Iran's 60% enriched uranium. This development comes amid speculation about whether Iran moved its uranium before anticipated US strikes this weekend. Such geopolitical tensions historically influence risk assets, including cryptocurrencies like BTC and ETH, leading to increased market volatility and potential price swings as traders assess escalation risk. Source: The Kobeissi Letter (June 22, 2025).

According to The Kobeissi Letter, ships preparing to cross the Strait of Hormuz executed a 180-degree U-turn at approximately 9:15 AM ET, just minutes after Iran's parliament approved closing the strait (source: The Kobeissi Letter, June 22, 2025). This unprecedented maritime disruption is anticipated to drive significant volatility in global oil markets, which historically correlates with sharp price swings in major cryptocurrencies such as BTC and ETH due to increased demand for alternative assets during geopolitical crises. Traders should closely monitor crypto market liquidity and volatility indices in response to further developments.

According to The Kobeissi Letter, Russian official Medvedev announced that several countries are prepared to provide Iran with nuclear warheads, and suggested that US military actions could drive further Iranian nuclear weapons production (source: The Kobeissi Letter, June 22, 2025). This escalation in geopolitical tensions raises the potential for increased volatility in global financial markets, with risk-off sentiment likely to impact major cryptocurrencies such as BTC and ETH. Historically, heightened geopolitical risk has triggered flight-to-safety trades, which can result in increased demand for Bitcoin and other digital assets perceived as hedges against traditional market uncertainty.

According to Michaël van de Poppe (@CryptoMichNL), Iran's closure of the Strait of Hormuz marks a critical escalation in geopolitical tensions. This event is contributing to persistent downward pressure on risk-on assets such as Bitcoin (BTC) and various altcoins, with no signs of a trend reversal as long as the situation continues. Traders are advised to remain cautious as this scenario is described as a period of capitulation, where market sentiment drives further sell-offs in the crypto sector. Source: @CryptoMichNL on Twitter, June 22, 2025.

According to Crypto Rover, Iran's parliament has approved a measure to close the Strait of Hormuz, pending finalization by the nation's top security body (source: Crypto Rover, June 22, 2025). This strategic waterway is vital for global oil shipments, and its potential closure has triggered immediate volatility across cryptocurrency markets, especially for Bitcoin (BTC) and Ethereum (ETH), as traders anticipate increased risk premiums similar to previous geopolitical disruptions. Energy-sensitive tokens and commodities-backed crypto assets may experience heightened trading activity and price swings as the situation develops.

According to @AltcoinGordon, heightened global conflict such as World War 3 could significantly increase volatility in Solana (SOL) meme coins, as investors tend to seek safer assets during geopolitical crises (source: @AltcoinGordon, June 22, 2025). Historically, major geopolitical events trigger risk-off sentiment, leading to capital flight from high-risk assets like meme coins and altcoins toward more stable assets such as Bitcoin (BTC) or even traditional safe havens like gold. For traders, this could mean sharp price swings and lower liquidity in Solana-based meme coins. Monitoring global macro events and maintaining tight risk management is recommended for those trading SOL meme coins during periods of geopolitical instability (source: @AltcoinGordon, June 22, 2025).

According to Fox News, newly released photos show former President Trump in the Situation Room during the Iran strikes, highlighting heightened geopolitical tensions. Such events have historically led to increased volatility in both traditional and cryptocurrency markets, as traders seek safe-haven assets like Bitcoin (BTC) during periods of uncertainty (source: Fox News, June 22, 2025). Crypto traders should monitor the situation closely, as rising tensions in the Middle East often lead to price surges in BTC and other digital assets due to risk-off sentiment.

According to Fox News, major U.S. cities have increased security measures following airstrikes on Iranian nuclear facilities. This escalation in geopolitical tensions is causing heightened volatility in cryptocurrency markets, with Bitcoin (BTC) and Ethereum (ETH) experiencing increased trading volume as investors seek hedges against global uncertainty. Traders should monitor news developments closely, as further instability could drive rapid price swings and impact liquidity across digital asset exchanges (source: Fox News).

According to The White House (@WhiteHouse), President Donald J. Trump stated that any retaliation by Iran against the United States will be met with a force far greater than what was witnessed tonight (source: The White House, June 22, 2025). Such strong geopolitical tensions have historically triggered increased volatility in the cryptocurrency market, with traders often seeking refuge in Bitcoin (BTC) and Ethereum (ETH) as alternative safe-haven assets. Market participants should closely monitor developments, as heightened conflict risk can lead to sharp price swings and increased trading volumes for major cryptocurrencies.

According to Fox News, President Trump addressed the nation regarding the 'spectacular military success' of recent US strikes targeting Iranian nuclear facilities (source: Fox News, June 22, 2025). This significant escalation in Middle East tensions has triggered immediate volatility in cryptocurrency markets, with Bitcoin (BTC) and Ethereum (ETH) experiencing sharp price fluctuations as traders seek safe-haven assets and hedge against geopolitical risk. Market analysts note increased trading volumes and higher volatility indexes, suggesting that further developments in the US-Iran situation may continue to drive crypto market movements in the near term.

According to Fox News, President Trump will address the nation tonight following the announcement that the US has launched attacks on Iranian nuclear sites (source: Fox News, June 22, 2025). This escalating geopolitical conflict is expected to drive significant volatility in the cryptocurrency market, with traders closely monitoring BTC and ETH for flight-to-safety moves or sharp price swings. Historical data shows that similar geopolitical shocks often result in increased trading volumes and price surges for Bitcoin and Ethereum as investors seek alternative stores of value (source: CoinDesk, 2020 Middle East crisis analysis). Crypto traders should prepare for heightened risk and liquidity shifts across major exchanges.