Weekly Crypto News June 17-22: Bitcoin Dips Below $100K After U.S. Strikes, But Altcoins Rebound

Your weekly roundup of crypto news, global market shifts, and key developments from June 17–22, 2025. From rising geopolitical tensions and U.S. military actions, it was a turbulent week for crypto markets. Bitcoin briefly dipped below $100K, while altcoins faced sharp corrections. Yet, long-term momentum remains intact, driven by institutional inflows, stablecoin adoption, and policy clarity.

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Market Insights: Volatility Amid Global Tensions

Highlights This Week:

• Another week where strong fundamental positive announcements were overshadowed by the dark clouds of war as the conflict in the Middle East escalates further, resulting in a massive correction in prices. As the US intervened in the Israel-Iran tussle, risk-assets including crypto markets fell sharply as BTC briefly traded below $100k levels!
• Crypto markets dipped after the U.S. announced it had conducted three military strikes on Iranian nuclear sites, leading to over $1 billion in daily liquidations and plunging Bitcoin’s price below $100,000 for the first time in 45 days.
• Watch out for: Iran’s politicians have reportedly decided to close the Strait of Hormuz; however, the final decision rests with the Supreme National Security Council. The closure of the Strait, a vital oil shipping route, could significantly increase global oil prices.
• Before the strikes, the crypto market traded mostly sideways last week, with Bitcoin holding above key $100K psychological level, while most altcoins continued to bleed. Ongoing geopolitical tensions and a lack of fresh demand have added pressure, especially on tokens with recent unlocks. Tokens that experienced heavy unlocks in previous months have been hit particularly hard, as weak demand meets growing supply, resulting in outsized drawdowns for several names.

Top Developments in Crypto

Institutional Momentum Continues

• Kinexys by JP Morgan has announced plans to issue a deposit token, JPMD, in a few days on the Base public blockchain founded by Coinbase.
• The world’s most systemically important bank emphasized that it is a permissioned token offering a secure alternative to stablecoins for its institutional clients.

Corporate Crypto Treasuries Expand

• The momentum behind stablecoin’s mainstream adoption continued with full steam, as the U.S. Senate approved the GENIUS Act with an overwhelming bipartisan vote.
• Circle shares surged 34% after the U.S. Senate passed a bill supporting regulated stablecoins, with further gains in after-hours trading.
• Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc. SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron treasury strategy.
• Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin.

Tokens to Watch

For a detailed analysis read EigenLayer Price Prediction, BNB Price Prediction

Chart of the Week: On-Chain Lending Hits All-Time High

Lending protocol TVL soars to $59.9B (ATH), up 50% from April lows. Growth driven by strong asset performance and new collateral types like Pendle tokens.

Regulatory Shifts

• U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win.
• Texas Governor Greg Abbott signs strategic Bitcoin reserve bill into law.
• Coinbase Wins European MiCA License in Luxembourg.
• Feds file to seize $225 million worth of crypto in historic US Secret Service bust.
• Iranian exchange Nobitex source code leaked after $100M hack by pro-Israel group.
• Wyoming Stable Token Commission targets Aug. 20 for WYST stablecoin mainnet launch.

• Israel <> Iran conflict escalation, along with US involvement.
• U.S. Consumer Confidence and Home Sales Data on June 24th and 25th.
• Large Unlocks planned this week for the following token: BLAST (35% of circulating supply getting unlocked on June 26th).

Content Corner: Don’t Miss!

6 Use Cases for DePIN (Decentralized Physical Infrastructure)

Final Thoughts

Despite macro shocks, crypto continues its march toward mainstream adoption, from legislative wins to growing corporate treasury allocations. All eyes remain on BTC’s recovery above $100K, ETH ETF flows, and the evolving Middle East tensions.

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