Overview
- Bitcoin dropped about 2% to roughly $62,115 after President Donald Trump said the U.S.–Iran ceasefire was over and U.S. forces carried out strikes on Iranian targets.
- Oil surged with Brent briefly topping $80 a barrel and U.S. WTI passing $75, a move that pushed investors toward safer assets and put downward pressure on crypto prices.
- U.S. Central Command reported strikes on scores of Iranian military targets, and exchanges reacted with heightened volatility and larger derivative liquidations than in recent weeks.
- Federal Reserve minutes showed policymakers were divided on the path for interest rates with some calling for an immediate hike, which increased expectations for tighter policy and weighed on speculative markets.
- Market flows and technical signals are key to the next moves: U.S. spot Bitcoin ETFs logged three days of net inflows but longer May–June outflows weakened institutional demand, Glassnode shows BTC trading below key on‑chain averages, and analysts say reclaiming $62,500 or holding near $61,000 will determine whether the drop becomes a durable bottom or leads to further selling.