Crypto markets took an enormous dip in late buying and selling on Sunday, with Bitcoin falling beneath $100,000 for the primary time since early Might, but it surely seems to be recovering already.
Markets have been extremely risky over the previous week amid geopolitical tensions and the US air strike on Iranian nuclear services over the weekend.
These tensions escalated with Iran threatening to shut the Straits of Hormuz, a key transport channel, which might affect world oil costs.
Russia has additionally reportedly acknowledged that international locations are prepared to produce Iran with nuclear weapons.
This market has all of your solutions:
During the last 72 hours, the US bombed Iranian nuclear websites, Russia mentioned international locations are prepared to produce Iran with nukes, and Iran’s parliament voted to shut the Strait of Hormuz.
But, inventory market futures are down a mere -0.5% on the open and…
— The Kobeissi Letter (@KobeissiLetter) June 22, 2025
Financial Occasions June 23 to 27
Key inflation knowledge is due this week, kicking off with June’s S&P World Manufacturing PMI and Companies PMI preliminary readings on Monday,
These buying managers’ indexes are main financial indicators utilized by analysts to realize insights into altering financial situations and charges of change.
Tuesday will see residence gross sales knowledge and shopper confidence experiences launched, whereas Federal Reserve Chair Jerome Powell will likely be talking earlier than Congress to offer lawmakers an replace on the central financial institution’s views on inflation and the financial system.
Thursday will see extra GDP knowledge launched for Q1, which can paint a broader image of the state of the financial system and what to anticipate going ahead.
Friday’s Private Consumption Expenditures (PCE) for Might is the large report of the week because it tracks adjustments in inflation based mostly on shopper spending. The Fed considers the annualized Core PCE Value Index its most well-liked gauge for inflation within the US.
Key Occasions This Week:
1. Markets React to US Strikes on Iran – Monday
2. Might Present House Gross sales knowledge – Tuesday
3. June CB Shopper Confidence knowledge – Tuesday
4. Fed Chair Powell Speaks – Tuesday & Wednesday
5. US Q1 2025 GDP knowledge – Thursday
6. Might PCE Inflation data- Friday…
— The Kobeissi Letter (@KobeissiLetter) June 22, 2025
A really busy financial calendar mixed with elevated tensions within the Center East is more likely to create a really risky week forward for crypto markets.
Crypto Market Outlook
Digital belongings continued to weaken over the weekend following US army motion within the Center East and extra rhetoric from Iran and Russia because the state of affairs escalates.
Markets misplaced 4% in a fall to $3.15 trillion however managed to recuperate barely throughout early buying and selling in Asia on Monday morning.
Losses had been led by Bitcoin, which fell to $98,500 briefly in its first sub-six-figure dip since Might 8. Nonetheless, BTC had reclaimed the $101,000 degree on the time of writing.
Ethereum dumped greater than 7% in a fall to $2,135, its lowest degree because it broke above $2,000 in early Might. Nonetheless, it additionally made a minor restoration to commerce round $2,240 on Monday morning.
Altcoins had been all within the pink except for Hyperliquid as markets proceed to weaken once more.
The publish 4 Issues That May Rattle Bitcoin and Crypto Markets This Week appeared first on CryptoPotato.