- Daily Dispatch
- Posts
- Bitcoin's wild weekend šµāš«
Bitcoin's wild weekend šµāš«
Bitcoin and other coins swung hard after the U.S. bombed Iran, but the new week has brought another wave of bullish signs.
Andrew Hayward
June 23, 2025
Together with
š What you need to know
Bitcoin took wild swings after President Trump announced late Saturday that the United States had bombed a trio of Iranās nuclear facilities.
First, BTC fell below the $100,000 mark on Sunday morningāthe first time since early Mayāand then rapidly rebounded, climbing back above the $102,000 mark by early Monday. Ethereum was down by more than 10% at one point yesterday, other top altcoins were nearly as deep in the red, and market-wide liquidations topped $1 billion.
But following strong ETF inflows last week and Monday bringing another wave of Bitcoin treasury movesāincluding Strategyās latest buy and a $1 billion SPAC merger from crypto investor and influencer Anthony Pomplianoāthe weekend wobble might be little more than a macro-driven blip on the radar as BTC remains in demand.
āNobody, including Trump, knows what is going to happen next in the Middle East, and that just creates the kind of uncertainty that traders hate,ā Swyftx Lead Analyst Pav Hundal told Decrypt. āBitcoin is an emerging asset class, so itās not unreasonable after the events we saw on Sunday for the market to de-risk. But it does serve as a reminder that crypto is an emerging market and volatility is still part of its nature.ā
š Myriad Market of the Day
From our partner
Istanbul Blockchain Week is the unmissable Web3 experience of the year ā where the global crypto community converges in one of the worldās most iconic and culturally rich cities for a week of unforgettable innovation, networking, and celebration.
Whether you're a founder, builder, investor, or degen, this is where Web3 makes history. Donāt miss your chance to be part of IBW 2025.
š¬ Quote of the Day
āWYST is a public good.ā
š„ Be First to Market With Myriad
Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!
With Myriad, the on-chain prediction market launched by Decryptās parent company DASTAN, you can break the news and stake the news, using USDC and points.
