Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
From Yahoo Finance: 2025-06-13 14:52:00
The crypto market is bouncing back slightly after tensions between Israel and Iran caused early Friday jitters. Bitcoin dropped to $102,600 but rebounded to $106,000 before falling to $105,200, still below its all-time high. The CoinDesk 20 index lost 4.4%, with tokens like ether, avalanche, and toncoin hit the hardest. Crypto stocks are mostly down, except for stablecoin issuer Circle, up 13%. Traditional markets are less affected, with gold up 1.3% and the S&P 500 and Nasdaq down 0.4% each. Analysts warn of a potential deeper pullback, with support at $100,000-$101,000 and a possible drop to $88,000-$93,000 before a move to $130,000.
Read more at Yahoo Finance: Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback