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Bitcoin briefly slid to $98,974 late on Sunday after US airstrikes targeted Iranian nuclear facilities. That was its weakest point since early May.
But by Monday morning in Asia, the leading cryptocurrency topped $101,000 again. Traders are weighing whether this was just a hiccup or the start of a fresh trend.
Source: CoinMarketCap
Arthur Hayes Sees Temporary Weakness
According to Arthur Hayes, co-founder of BitMEX, the fall is only a short pause. On X, he wrote that “weakness shall pass” and predicted Bitcoin will “leave no doubt as to its safe haven status.”
He said fresh money printing by central banks will be the main force driving prices back up. His view suggests that big dips can turn into buying chances when broader liquidity is rising.
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
Market Dips On Geopolitical News
Based on reports, it was US strikes on Iran that triggered the initial slide. The price drop happened late Sunday, pushing Bitcoin below six figures for the first time since early May.
Yet buyers stepped in quickly, snapping up coins and lifting the price back above $101,000 during the first hours of trading in Asia. That pattern shows how headline shocks can spark fast moves, but also how quickly sentiment can flip.
Altcoins Take A Hit
Meanwhile, over the past 12 hours, most altcoins fell about 1.4%, dragging total crypto market cap down by roughly $50 billion to $3.20 trillion, according to data. Experts expect that trend to reverse once major headlines calm down.
Market analysts pointed out that altcoins might start to outperform if macro risks ease. They said smaller tokens are already showing signs of strength, even as Bitcoin stalls.
Key Technical Levels Hold
Traders are watching two key lines: the short-term realized price at $98,000 and the trend support at $102,000. The realized price reflects the average breakeven point for holders, so it often acts like a floor.
The $102,000 has capped rallies over the past weeks. As long as Bitcoin stays in that $98,000–$102,000 range, there are chances for quick rallies. But a break below $98,000 could force more focus on cutting losses.
Featured image from Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
