When we thought the crypto market could catch a break, former President Donald Trump decided to add a little fuel to the fire. On Tuesday, Trump’s social media post stirred up some serious macroeconomic uncertainty with his tough talk about Iran. He threatened the country's Supreme Leader, Ayatollah Ali Khamenei, which sent shockwaves through the market.
Trump said,
“We know exactly where the so-called “Supreme Leader” is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now. But we don’t want missiles shot at civilians, or American soldiers. Our patience is wearing thin.”
Trump also called Iran "Unconditional Surrender."
Naturally, the crypto market didn't sit idly by. Bitcoin (BTC) immediately felt the burn. It tumbled from $104,310 to $103,553 in just an hour after Trump's post, according to the price page of HoldFM. Ethereum (ETH), down 1.3%, settled at $2,462, while XRP also dropped 1.3% to $2.14.
The market sentiment wasn’t much better either. The Crypto Fear & Greed Index plunged 16 points, shifting from "Greed" to "Neutral" for the first time in 11 days.
Is Bitcoin on the Verge of a Major Drop?
Let’s be real: the crypto market is no stranger to Trump-induced volatility. This isn’t the first time his words have sparked a market reaction. Back in February, just days after his inauguration, Bitcoin dropped below $100,000 for the first time in six days. Trump had signed an executive order imposing import tariffs on China, Canada, and Mexico, and boom, Bitcoin felt it.
But let's not forget that it was his victory in November 2024 that many believe triggered the real rally. A month later, Bitcoin hit the $100,000 mark for the first time in history. That moment was a game-changer.
So, what’s next for Bitcoin? Some analysts think that the ongoing geopolitical tension will soon push Bitcoin to retest the psychological $100,000 price level. Doctor Profit, a crypto analyst, predicts that Bitcoin will drop below $100,000 in the coming days, possibly as low as $93,000, with the S&P 500 following suit with a 7-10% drop. Not the most comforting forecast, right?
#Bitcoin will drop below $100,000 in the coming days. Targets set are 93-95k, Stock market SP500 will follow with a 7-10% drop as well. More red candles ahead of us!
— Doctor Profit 🇨🇭 (@DrProfitCrypto) June 17, 2025
We will see a massive bounce after all of this. Some necessary pain is needed now
However, not everyone is as bearish. Some traders believe that Bitcoin’s ability to hold above $100,000 could lay the groundwork for a more sustained, upward trend. Crypto trader Jelle mentioned that the current stability is “much more sustainable than a rapid climb without any structure being built.”
#Bitcoin still holding local support.
— Jelle (@CryptoJelleNL) June 17, 2025
Major support shelf being built around what was previously all-time high resistance.
Once again, much more sustainable than a rapid climb without any structure being built.
Ready for new highs? pic.twitter.com/rfGBE6c80N
Let's keep it real, nothing’s certain in crypto. As of Tuesday, Bitfinex analysts stated that Bitcoin is still at risk of further decline and must hold above $102,000 to stay on track for a potential rebound.
Alex Shepel
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
