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Bitcoin faces volatility as Trump's tariffs impact its infrastructure, while institutional interest grows with Michael Saylor's $1.08B purchase. Bears dominate, targeting $94K as a key zone.

Crypto markets crash after US bombs Iran, Texas to add Bitcoin to official reserves | Weekly Recap

Crypto NewsSunday, June 22, 2025 at 4:00:00 PM
Crypto markets crash after US bombs Iran, Texas to add Bitcoin to official reserves | Weekly Recap
Crypto markets took a nosedive this week after U.S. airstrikes on Iran sent shockwaves through global markets—Bitcoin and Ethereum dropped sharply, dragging altcoins and NFTs down with them. Meanwhile, Texas made headlines with plans to add Bitcoin to its official reserves, offering a rare bright spot in an otherwise chaotic week for digital assets.
Editor’s Note: When geopolitical tensions flare, crypto often reacts like traditional markets—fast and dramatic. This drop shows how fragile investor confidence can be, even as institutional adoption (like Texas’ move) continues creeping forward. For crypto holders, it’s another reminder that "digital gold" isn’t immune to real-world shocks.
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Geopolitical tensions cause crypto to crater despite select altcoin gains
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Crypto markets took a nosedive as tensions between the U.S. and Iran spooked investors, wiping out $3.16 trillion in market value—a 6.2% drop in just one day. A few altcoins bucked the trend, but overall, it was a bloodbath as traders fled risky assets.
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