Bitcoin and Crypto Markets on the Edge Amid Global Turmoil

Hang onto your hats, folks! Geopolitical storms and economic jitters are whipping up a risk-averse frenzy, and it looks like Bitcoin and the whole crypto gang might take a nosedive.

Last week was a wild ride in the crypto world, thanks to the global chaos. On June 18, the entire crypto market took a 1.06% hit, sinking to a cool $3.25 trillion. Bitcoin (BTC) wasn't spared, crashing to a daily low of $103,396, down 5% in just seven days. Yikes!

But wait, it gets worse. Altcoins were leading the charge into the abyss, with Ethereum (ETH) bottoming out at $2,456 and plummeting 10% over the same time. The world's a mess with geopolitical fireworks and economic policy nightmares, and it's dragging down all the risky assets.

In the last few days, crypto prices have been doing the cha-cha with Israel's war with Iran. Every sign of escalation sends prices tumbling further. As of June 18, there's zero sign of this mess calming down anytime soon. And guess what? President Donald Trump's not ruling out direct military action, making things even spicier.

Meanwhile, everyone's glued to their screens waiting for the Federal Reserve's next move on interest rates, due on June 18. Arthur Aziziov, the big brain at B2 Ventures, thinks this could throw Bitcoin a lifeline.

If Bitcoin Drops, Crypto Markets Will Be Hit Hard

Aziziov's got his finger on the pulse, and he's not seeing any sunshine on the global front. This gloom and doom is dragging down the mood and might send Bitcoin into a deeper hole, dragging stablecoins down with it.

“If we don’t see some good vibes soon, Bitcoin might just slide into the $90,000-$84,000 range. But hey, if the Fed plays nice and hints at cutting rates, we could see Bitcoin soaring to $128,000 by year’s end,” says Arthur Aziziov, B2 Ventures.

Keep your eyes peeled for $112,000 and $100,500 – these are the make-or-break levels right now. A move beyond these could send the market into either a wild party or a total meltdown.

And let's not sugarcoat it – there's a real chance Bitcoin could crash below $100,000. Buckle up, it’s going to be a bumpy ride!