Bitcoin Volatility Could Shake the Crypto Market This Week
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Bitcoin began the week with a sharp decline, dipping below $100,000 for the first time in over six weeks and stirring renewed uncertainty across crypto markets. This drop, which came during late Sunday trading, follows a wave of geopolitical turmoil, including U.S. air strikes on Iranian nuclear facilities. As tensions rise, with Iran threatening to close the Strait of Hormuz and Russia reportedly backing Iran with nuclear capabilities, Bitcoin volatility may remain heightened throughout the week.
This market has all your answers:
Over the last 72 hours, the US bombed Iranian nuclear sites, Russia said countries are ready to supply Iran with nukes, and Iran's parliament voted to close the Strait of Hormuz.
Yet, stock market futures are down a mere -0.5% at the open and…
— The Kobeissi Letter (@KobeissiLetter) June 22, 2025
Economic Events Likely to Stir Bitcoin Volatility
Bitcoin volatility may intensify as investors prepare for a packed economic calendar. On Monday, preliminary readings of June’s S&P Global Manufacturing and Services PMIs offer insights into the pace of economic activity. Tuesday brings U.S. home sales figures and consumer confidence data, followed by critical testimony from Federal Reserve Chair Jerome Powell, who will address Congress regarding inflation and monetary policy. Additional GDP data on Thursday and the all-important Core PCE Price Index on Friday could provide further catalysts for market fluctuations. The combination of these economic indicators and escalating geopolitical risks points to a turbulent week for Bitcoin and other cryptocurrencies.
Broader Market Falls On U.S. Attacks
Crypto Market Outlook: Volatility Extends Beyond Bitcoin
Bitcoin volatility has already set the tone for a wider pullback in the digital asset market. The overall crypto market capitalization slid by 4% to $3.15 trillion before bouncing back slightly during early Asian trading hours on Monday. Bitcoin briefly dipped to $98,500—its lowest since early May—before recovering above $101,000. Ethereum also felt the heat, plunging over 7% to $2,135 before rebounding toward $2,240. Most altcoins mirrored this decline, with the exception of Hyperliquid, which managed to buck the trend amid the broader downturn.
With multiple global and economic triggers in play, BTC volatility is likely to remain a dominant theme this week. Will the market find stability—or are further disruptions on the horizon?
