Bitcoin price today: drops to $101K as US-Iran conflict dampens risk appetite.
Bitcoin extended losses on Monday, staying under pressure after sharp weekend declines sparked by U.S. airstrikes on Iran’s nuclear sites, which heightened fears of a broader Middle East conflict. The cryptocurrency dropped 1.3%, briefly dipping to $99,000 on Sunday, breaking below its prior $103,000–$108,000 June range, though it managed to hold above $100,000. The broader crypto market mirrored Bitcoin’s decline, as investors shifted toward the U.S. Dollar amid heightened risk aversion. Market sentiment remains cautious, with attention now turning to upcoming comments from Federal Reserve Chair Jerome Powell, who is scheduled to testify before Congress starting Tuesday.
Ethereum posts a weekly loss of nearly 13%, breaking below the key support level at $2,461.
Ethereum price broke below the lower consolidation range of $2,461 and closed under the 50-day EMA at $2,416 on Friday, registering a 7.65% drop over the subsequent two days. As of Monday, ETH is trading near $2,241. If the correction deepens, ETH could slide further to retest the $2,000 support level. Conversely, a rebound may see the price attempt a recovery toward the 50-day EMA at $2,416.
XRP approaches below its daily support at $1.96; a close beneath this level may open the door for a decline toward $1.77.
XRP faced rejection at its 50-day EMA of $2.21 on June 17, declining by 10% through Sunday. By Monday, it was trading just below key daily support at $1.96. A confirmed close beneath $1.96 could trigger a deeper drop toward the next support at $1.77. Alternatively, a recovery could see XRP retest the 50-day EMA at $2.21.
Dogecoin eyes a rebound after crashing, but upside momentum remains capped by stiff resistance.
Dogecoin began a fresh decline from the $0.1720 zone against the US Dollar, falling behind Bitcoin and Ethereum in performance. The price dropped below key support levels at $0.1600 and $0.1580, eventually reaching a low of $0.1427 before entering a consolidation phase. DOGE is now attempting a recovery, with immediate resistance around $0.1550. The first key hurdle lies at $0.1580, followed by a stronger resistance near $0.1610. A decisive close above $0.1610 could pave the way for a move toward the $0.1720 resistance area. However, if the price fails to clear $0.1580, renewed selling pressure could push it lower. Initial support is seen near $0.1480, with the next major support at $0.1440.