The airstrikes heighten geopolitical tensions, potentially destabilizing the region and impacting global markets and cryptocurrency volatility. The post Trump announces US airstrikes on Iranian nuclear sites, Bitcoin dumps, then pumps appeared first on Crypto Briefing.

Trump announces US airstrikes on Iranian nuclear sites, Bitcoin dumps, then pumps

A Florida man says a Denver-based crypto trading school and a fake exchange 
tricked him into handing over $860,000 through phony trade signals.

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of funds that invest in both bitcoin and commercial real estate. The New Gold 
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Cardone, CEO of property investment firm Cardone Capital was eager to present 
his plan […]

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Adam Back says that since Strategy typically takes 16 to 18 months to double 
its Bitcoin per share, the premium on its stock is not &#8220;unreasonable.”

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Ethereum has officially broken below the long-standing range it had maintained 
since early May, losing the critical $2,320 support level. This breakdown was 
triggered by escalating geopolitical tensions, as news broke that the United 
States had launched attacks on Iranian nuclear facilities. The announcement 
sent shockwaves through global markets, sparking widespread risk-off behavior 
and panic selling across crypto. Ethereum, already trading near the bottom of 
its six-week consolidation range, quickly reacted with a sharp drop, dragging 
the broader altcoin market with it. Related Reading: Solana Analyst Sees $123 
And $116 As Mid-Zone Support Levels – Here’s Why The move marks a critical 
shift in sentiment, as Ethereum now trades outside the range that had served 
as a battleground between bulls and bears for over a month. With volatility 
spiking and confidence shaken, traders are re-evaluating risk in light of 
escalating conflict in the Middle East and broader macroeconomic headwinds. 
According to top analyst Big Cheds, Ethereum&#8217;s weekly chart is now flirting 
with a potential tower top pattern completion — a bearish reversal structure 
that may signal further downside unless buyers reclaim key levels in the 
coming days. As the situation evolves, all eyes will remain on ETH’s ability 
to hold new support levels or risk further decline in a fragile market 
environment. Ethereum Slides 22% From June Highs – All Eyes On Weekly 
Structure Ethereum has lost over 22% of its value since peaking in early June, 
as global instability and heightened selling pressure weigh heavily on market 
sentiment. The asset has now broken below its six-week range, triggering 
concern among investors and adding to uncertainty across the broader crypto 
space. With rising tensions in the Middle East—particularly following US 
attacks on Iranian nuclear facilities—the market has entered a risk-off 
environment, dragging altcoins like Ethereum into deeper retracements. Despite 
the volatility, Ethereum remains at the center of investor focus, as many 
still expect it to lead the next altseason. However, with bulls losing control 
of key support zones, confidence in a near-term rally continues to waver. 
Analysts are now split: while some predict a deeper retracement toward the 
$2,000 region, others argue that Ethereum is nearing exhaustion on the 
downside and may soon recover. Big Cheds points to Ethereum’s weekly chart, 
where the price is currently flirting with a potential tower top pattern—a 
bearish reversal structure. If this pattern confirms, ETH may face another 
wave of downside before finding demand at lower supply levels. If buyers step 
in during this pivotal moment, a recovery from this structure could quickly 
follow. The coming sessions will be critical in determining whether this 
breakdown extends or turns into a fakeout with bullish continuation. For now, 
traders should remain cautious, as Ethereum&#8217;s next move could define the tone 
of the altcoin market heading into July. Related Reading: Tron Energy Usage 
Surges 108% – Smart Contract Activity Accelerates Ethereum Breaks Down Below 
Support As Volatility Spikes Ethereum has officially broken below the $2,320 
support level, signaling a shift in short-term market structure as shown in 
the 4-hour chart. After weeks of ranging between $2,320 and $2,650, ETH failed 
to reclaim its moving averages and lost bullish momentum. The price is now 
trading around $2,260, down sharply from its June highs near $2,900. This 
recent leg down follows a clean breakdown through the 50, 100, and 200-period 
SMAs, confirming a strong bearish momentum. Volume spikes accompanied the 
drop, suggesting panic selling likely triggered by geopolitical turmoil in the 
Middle East. The price broke down aggressively with little resistance, meaning 
previous demand zones have now become weak. If buyers fail to step in quickly, 
Ethereum may revisit earlier May support levels around $2,100 or even $2,000. 
Related Reading: Ethereum Charts Signal Potential Bottom – All Eyes On Next 
Move From a technical standpoint, the breakdown invalidates the previous 
consolidation range, opening the door for a possible extended correction. 
Until ETH reclaims $2,320 and stabilizes above its moving averages, the risk 
of continued downside remains high. Market participants should watch closely 
for volume shifts or bullish divergences, but for now, Ethereum remains under 
pressure as uncertainty continues to dominate the macro environment. The next 
few sessions will be crucial for price discovery. Featured image from Dall-E, 
chart from TradingView

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

Amid spiraling global debt and inflation, Coinbase’s CEO champions 
cryptocurrency as essential for financial freedom, with bitcoin poised to 
become the world’s next reserve currency. Economic Turmoil Fuels the Rise of 
Cryptocurrency as a Global Solution Mounting concerns over global economic 
instability are putting renewed focus on cryptocurrencies as potential 
solutions to systemic financial issues. […]