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BTC Volatility Returns – BTC Drops Below $105K as Geopolitical Chaos and Fed Uncertainty Roil Markets
BTC Volatility Returns – Bitcoin’s price volatility persisted over the last 24 hours as geopolitical tensions in the Middle East escalated, though the asset has recently stabilized near $105,000. Traders and investors now brace for further fluctuations today, anticipating the US Federal Reserve’s (Fed) FOMC interest rate decision, the fourth of 2025, with most experts predicting no change.
BTC Dips and Recovers Amid Israel-Iran Conflict
The cryptocurrency market took a sharp hit following Israel’s unexpected attack on Iran last Friday morning, which triggered a swift decline in Bitcoin’s value from around $108,400 to below $103,000 within hours. Despite ongoing missile exchanges between the two countries over subsequent days, BTC managed to regain some losses over the weekend, climbing back into bullish territory early this week.
Monday evening through Tuesday morning saw Bitcoin peak at nearly $109,000, marking a multi-day high driven by bullish momentum. However, the gains were short-lived as immediate selling pressure pushed BTC down sharply again. Renewed tensions, including former President Trump’s threats against Iran, caused a brief dip below $103,500 yesterday before a partial rebound to $105,600. The price has since settled just below $105,000.
Market Cap and Dominance Metrics
At press time, Bitcoin’s market capitalization fell below $2.09 trillion according to CoinGecko (CG) data, while its dominance over altcoins hovered around 62%—a sign of continued market concentration in BTC despite ongoing volatility.
Altcoins Face Red Days, Select Winners Stand Out
Most major altcoins suffered losses within the past 24 hours. Ethereum (ETH) is nearing a break below the $2,500 mark after a modest decline. XRP dropped approximately 3% to around $2.15, while Solana (SOL), HYPE, Cardano (ADA), Chainlink (LINK), Uniswap (UNI), and PEPE recorded similar downturns. Notably, SUI plunged more than 6%.
Among the top 100 altcoins, KAIA (+5%), SEI (+2%), and NEXO (+2%) showed resilience, whereas SKY, FARTCOIN, TKX, and VIRTUAL faced the steepest declines.
Total Crypto Market Cap Contracts by $60 Billion
The overall crypto market capitalization declined by approximately $60 billion within a day, reaching $3.38 trillion as per CoinGecko. This contraction underscores the cautious sentiment prevailing across the crypto ecosystem amid geopolitical uncertainties and macroeconomic watchfulness.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
