{"id":855489,"date":"2025-06-14T09:11:47","date_gmt":"2025-06-14T14:11:47","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/14\/bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback\/"},"modified":"2025-06-14T09:11:47","modified_gmt":"2025-06-14T14:11:47","slug":"bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/14\/bitcoin-bounces-to-106k-after-iran-israel-jitters-but-analysts-warn-of-deeper-pullback\/","title":{"rendered":"Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback"},"content":{"rendered":"
\n

Circle is up 13% on news that Amazon and Walmart are moving into stablecoins.<\/h2>\n

Jun 13, 2025, 6:52\u202fp.m. <\/span><\/p>\n<\/div>\n

\n

The crypto market is slightly bouncing back from early Friday\u2019s jitters on escalating conflict between Israel and Iran.<\/p>\n

After slumping to the $102,600 mark, bitcoin <\/p>\n

rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports<\/a> about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the last 24 hours, changing hands at $105,200 and still less than 6% shy of its all-time high price.<\/p>\n

Meanwhile, the CoinDesk 20<\/a> \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins \u2014 has lost 4.4% in the same period of time. Tokens such as ether <\/p>\n

, avalanche <\/p>\n

and toncoin <\/p>\n

were the hardest hit, slumping between 6% and 8%.<\/p>\n

Crypto stocks, however, aren\u2019t doing too hot. Most equities are in the red, especially bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT), down 5% and 4% respectively. A notable exception is stablecoin issuer Circle (CIRCL), which is still benefiting from the windfall of its recent IPO; the stock is up 13% today, with news of retail giants Amazon and Walmart reportedly exploring stablecoins<\/a> adding to the momentum.<\/p>\n

Traditional markets don\u2019t seem overwhelmingly concerned by the war. While gold is up 1.3%, potentially gearing up for new all-time highs, the S&P 500 and Nasdaq are only down 0.4% each.<\/p>\n

What’s next for bitcoin?<\/h3>\n

“Nice bounce thus far and lack of follow-through lower,” well-followed crypto trader Skew said in a Friday X post<\/a>. Market participants will likely remain cautious through the weekend with BTC tightly correlated with traditional markets amid heightened geopolitical risks, Skew added.<\/p>\n

On the longer timeframe, some analysts see risks of a deeper pullback.<\/p>\n

10x Research founder Markus Thielen noted that BTC’s drop below $106,000 translates to a failed breakout, and traders should wait for more favorable setups before rushing to buy the dip.<\/p>\n

\"(10x<\/p>\n

(10x Research) <\/figcaption><\/p>\n<\/figure>\n

He highlighted the $100,000-$101,000 zone as key support, warning that a break below could mark a return to the broader consolidation phase similar to last summer.<\/p>\n

John Glover, chief investment officer at bitcoin lender Ledn, argued that bitcoin entered a corrective phase from its record highs that could see the largest digital asset drop to $88,000-$93,000.<\/p>\n

\"(John<\/p>\n

Bitcoin’s potential corrective phase in a larger uptrend, per John Glover (Ledn\/TradingView) <\/figcaption><\/p>\n<\/figure>\n

He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend.<\/p>\n

“Once this pattern has played out, the next move higher to the $130,000 area is expected to begin,” he said.<\/p>\n<\/div>\n

\n
\n
Krisztian Sandor<\/a><\/h5>\n
\n

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.<\/p>\n<\/div>\n

X icon<\/title><\/svg><\/a><\/svg><\/a><\/g><\/svg><\/a><\/p>\n<\/div>\n

\"CoinDesk<\/a><\/p>\n<\/div>\n

\n
\n
Tom Carreras<\/a><\/h5>\n
\n

Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.<\/p>\n<\/div>\n

X icon<\/title><\/svg><\/a><\/svg><\/a><\/g><\/svg><\/a><\/p>\n<\/div>\n

\"CoinDesk<\/a><\/p>\n<\/div>\n

Read More<\/a>
\n Krisztian Sandor<\/p>\n","protected":false},"excerpt":{"rendered":"

Circle is up 13% on news that Amazon and Walmart are moving into stablecoins. Jun 13, 2025, 6:52\u202fp.m. The crypto market is slightly bouncing back from early Friday\u2019s jitters on escalating conflict between Israel and Iran. After slumping to the $102,600 mark, bitcoin rebounded to around $106,000 before fading lower in the U.S. afternoon hours<\/p>\n","protected":false},"author":1,"featured_media":855490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,23879],"tags":[],"class_list":["post-855489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-bounces"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/855489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=855489"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/855489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/855490"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=855489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=855489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=855489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}