On 22 June 2025 the crypto community witnessed how Bitcoin dropped below 100000 dollars for the first time since early May. This sharp correction—already nick-named the Bitcoin crash June 2025 by commentators—forced traders to reassess the state of the current bull-run.
Quickex editors looked into why Bitcoin fell and whether the pullback should be viewed as a sign that the bull market is over.
Why Did Bitcoin Fall?
In short, the trigger was an escalation of the Middle-East conflict between Iran and Israel. The decisive blow came when the news broke that the United States had entered the war and carried out air-strikes on Iranian nuclear facilities. Washington’s stated goal is to eliminate Tehran’s nuclear potential and push the Iranian leadership toward a peace deal with Israel.
For the crypto market this was a shock. At the height of the panic Bitcoin briefly touched $98 286, the Bitcoin daily low and the weakest level since early May.
Reaction of Bitcoin to the U.S. entry into the conflict – chart: TradingView
Track the live Bitcoin price on Quickex
By Monday the market began a cautious Bitcoin recovery. BTC price today hovers around $101,815.
Bitcoin is a high-risk asset. When geopolitical risks rise, investors often flee to supposedly safer havens such as gold—the so-called “fear currency.” Early Monday the metal jumped 0.62 %, then retreated as BTC clawed back its losses, suggesting that some of the capital parked in gold on Friday flowed back into crypto.
Gold’s reaction to the U.S. strikes – chart: TradingView
The Bitcoin Fear & Greed Index, published by alternative.me, dipped into fear during Friday’s slide but had already returned to neutral by Monday—evidence that panic never took full hold.
Bitcoin Outlook
Arthur Hayes, founder of BitMEX, believes that nothing has changed in Bitcoin’s fundamental position. Central banks are still printing money, which supports scarce assets. Remember: only 21 million BTC will ever exist—an advantage over endlessly printable fiat.
Robert Kiyosaki, author of Rich Dad, Poor Dad, also believes that Bitcoin remains one of the best ways to preserve and grow wealth amid the current financial turmoil.
Popular analyst Michaël van de Poppe joined the optimists, suggesting that BTC will finish correcting if it stabilises near $102,500. His latest BTC technical analysis points to that level as key support.
Bitcoin chart analysis by Michaël van de Poppe
Optimists point out that BTC continues to shadow global liquidity (M2) with a two-to-three-month lag. If the pattern holds, new highs may be ahead.
Overlay of M2 and Bitcoin trajectories – chart
Not everyone is bullish. Analyst Doctor Profit noted a gap on the CME Bitcoin futures chart. Such gaps often act as “magnets,” and if the decline resumes BTC could revisit $93,000–$94,000. He still expects fresh highs by August 2025 once the gap is filled.
Earlier Quickex explained what is wrong with the TRON IPO and why TRX might fall.