Bitcoin just took a little stumble, dropping below that magical six-figure mark for the first time since early May.
It slipped under $98,500 late Sunday after the US launched airstrikes on Iranian nuclear sites. That’s some heavy geopolitical drama shaking the markets, no doubt.
But hey, don’t go crying into your coffee just yet, Bitcoin bounced back above $101,000 early Monday in Asia.
Unbreakable ceiling?
Arthur Hayes, the BitMEX co-founder, stepped up on X and laid it out straight, saying this dip? It’s temporary.
Do you hear that? … it’s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC will leave no doubt as to its safe haven status. pic.twitter.com/PTfZaAXFp7
— Arthur Hayes (@CryptoHayes) June 22, 2025
The weakness shall pass, he says. Bitcoin’s still the safe haven, baby, and with central banks printing money like it’s going out of style, Hayes expects Bitcoin to shine even brighter.
Imagine your favorite sitcom character who always bounces back no matter how many times they get knocked down. Bitcoin’s playing that role right now.
But Markus Thielen from 10x Research throws in a bit of caution. As long as Bitcoin stays above $98,000 and keeps that $102,000 trend support, traders can look for some tactical rallies. But if it slips below?
Then it’s time to tighten the risk management belt. No more carefree office banter, this is serious business.
Bitcoin’s been stuck in a sideways shuffle for five weeks now, failing three times to break past $110,000.
From tariff worries in May to the Israel-Iran tensions in June, the market’s been testing Bitcoin’s resilience.
Crypto is global
And some even say Bitcoin isn’t acting like the usual risk-off hedge right now.
It’s more like that coworker who’s usually calm but suddenly starts sweating bullets during a surprise audit.
Thielen expects this sideways dance to continue through the summer, so don’t expect fireworks just yet.
Now, what about the big players? Eugene Cheung from OSL is still bullish. He points out that despite the dip, institutional demand remains solid.
The crypto market’s like that dependable team player who absorbs the hits but keeps pushing forward.
Bitcoin and Ether’s structural demand is holding strong, even as volatility reminds us how sensitive crypto is to global sh*tshows.
Altseason?
And don’t forget the altcoins. Nick Ruck from LVRG Research says they might just steal the spotlight soon.
While Bitcoin’s been busy dodging geopolitical bullets, altcoins are quietly showing some strength.
If the macro scene calms down and crypto-specific catalysts kick in, alts could start outperforming.
Think of it like the underdog in your favorite sports team finally getting their chance to shine.
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