Skip to content
Technology — Finance — Industry — Bitcoin — Trading — Crypto — Altcoins — Blockchain — Ethereum

Skyrocketing Bitcoin (BTC) Soars Beyond $107K, Setting a Fresh Record (Altered Version of Market Watch)

Major increase in shares for companies SPX and AB today, recording the highest daily gains.

,   and  Administrator
3 min read
Stock Prices Surge Most Significantly for Companies SPX and AB Today
Stock Prices Surge Most Significantly for Companies SPX and AB Today

Bitcoin Battles and Bounces Back

Skyrocketing Bitcoin (BTC) Soars Beyond $107K, Setting a Fresh Record (Altered Version of Market Watch)

Riding the waves of the Israel-Iran conflict, Bitcoin's rollercoaster ride persists. Here's a snapshot of the crypto king's recent dance with geopolitics:

Timeline and Market Impact

  1. June 13, 2025: The Hotstart - Conflict Begins
  2. Kickstarting the conflict, Bitcoin faced a brief downturn, but it quickly regrouped as the markets adapated [1].
  3. June 14-17, 2025: Escalation Station
  4. As tensions escalated, Bitcoin's price played a game of tug-o-war. Stumbling to $104,000 on June 17, it was a battle between the intensifying conflict and weak US economy data [2][3].
  5. Bucking the trend, it clawed its way back up to around $105,000, and eventually $107,000 by June 17, revealing a glimmer of hope with reports suggesting Iran sought a ceasefire [4].
  6. June 17, 2025: Tumble and Tussle
  7. With the conflict persisting, Bitcoin took a slight dip to around $106,000. This was partially due to increased US involvement, stoking fears of further escalation [5].

General Impact on Market

  • Volatility and Grit: Bitcoin displayed both volatility and tenacity in response to geopolitical tensions. Despite initial dips, it typically held steady above crucial price points.
  • Geopolitical Influence: The conflict underscored the potential for geopolitical events to sway cryptocurrency markets. However, Bitcoin's long-term direction remains shaped by broader economic and regulatory elements.
  • Regulatory and Economic Factors: The ongoing Israel-Iran conflict interplays with other factors like US economic data and impending regulations, all contributing to Bitcoin's price movements [3][4].

In summary, while the Israel-Iran conflict lends volatility to the scene, Bitcoin's price fluctuations are influenced by a tapestry of geopolitical, economic, and regulatory threads.

Flashing the Green: Altcoins on the Rise

Starting with the cryptocurrency titan itself, Bitcoin made a comeback, crossing the $107,000 mark for the first time since the conflict sparked.

Ethereum has gained around 5%, surging past the $2,600 mark after testing the $2,500 support. XRP, Binance Coin (BNB), Dogecoin (DOGE), TRON (TRX), Cardano (ADA), Bitcoin Cash (BCH), and Chainlink (LINK) are all in the green. Solana (SOL) leads the altcoin pack with an 8% surge, breaking past the $155 barrier.

HYPE, the standout performer of the day, hit yet another all-time high, nearing $45.

Other significant gainers include SUI, Avalanche (AVAX), Uniswap (UNI), Tamadoge (TAO), Internet Computer (ICP), Aave (AAVE), Ontology (ONDO), and more. Screenplay (SPX) and Axie Infinity (AB) have soared from the top 100 alts.

The total crypto market cap has skyrocketed by $80 billion since yesterday, now standing at $3.460 trillion on CoinGecko.

Want to stay on top of the crypto market's every move? Sign up here to get this update delivered to your inbox daily – for free!

Special Offers:Exclusive to our readers, receive a $600 welcome bonus by signing up here on Binance!

Limited time offer for our website readers – open a $500 free position on any coin with Bybit today!

Charts, Chatter, and Community: Facebook | Twitter | LinkedIn | Telegram

  1. Amid the Bitcoin resurgence, various altcoins such as Ethereum, XRP, Binance Coin, Dogecoin, TRON, Cardano, Bitcoin Cash, Chainlink, Solana, HYPE, SUI, Avalanche, Uniswap, Tamadoge, Internet Computer, Aave, Ontology, and several others are also seeing gains.
  2. In the crypto industry, Bitcoin's price fluctuations are significantly affected by geopolitical, economic, and regulatory factors, as demonstrated during the Israel-Iran conflict.
  3. Technology-driven innovations like blockchain and cryptocurrencies continue to influence finance and commerce by offering increased efficiency, security, and decentralization in financial transactions.
  4. The terror of a potential escalation in the Israel-Iran conflict temporarily weakened Bitcoin's price, but the crypto king recovered thanks to news about Iran seeking a ceasefire and Nigeria's central bank indicating a change in its stance on cryptocurrencies [6].

Read also:

    Related

    Latest