Bitcoin Drops 20% to $98,000 Amid Geopolitical Tensions

Bitcoin (BTC) has experienced a sharp decline, dropping to $98,000 due to escalating geopolitical tensions, including the closure of the Strait of Hormuz and U.S. military actions in Iran. These developments have caused significant disruptions in the cryptocurrency markets, with an earlier warning about a potential market downturn proving accurate. Investors are now witnessing the predicted scenario unfold as the market faces increased volatility.

Roman Trading, a respected analyst, had anticipated this market decline, cautioning that the downturn could deepen. He noted that the markets were forming a peak structure similar to the boom of 2021, which raised concerns among investors. With confidence, he maintained his stance, expressing satisfaction as the market behaved as anticipated. The analyst advised selling for profit while still viable, acknowledging the challenge of predicting when an altcoin bull market and peak can be expected without a significant decline in Bitcoin dominance (BTCD).

Despite not directly engaging in the conflict, China’s role in potential geopolitical escalation remains crucial. The U.S.’s successful negotiation overtures, following its strike on nuclear facilities, offer a glimmer of hope, provided Iran remains open to dialogue. Meanwhile, China continues monetary expansion by injecting liquidity into the market. The People’s Bank of China injected $22.4 billion through reverse repos, adding to a $53 billion injection last month. This liquidity influx is accelerating, which could have implications for the crypto market.

The recent price fluctuations have directed investors' attention to the current support levels, with some altcoins, such as Pi Coin, experiencing significant declines. Pi Coin, the native digital currency of the Pi Network, has seen its trading value hover near its lowest point on record, at approximately $0.47798. This decline marks a critical moment for the project, as the price action reveals a dramatic fall around June 13th, where Pi Coin’s value sharply dropped from a trading range of roughly $0.60-0.65, settling into a new, lower consolidation zone. Despite the market struggles, the Pi Network project is actively signaling future ambitions, with the official Core Team recently teasing a significant revelation regarding the network’s integration with Generative Artificial Intelligence (GenAI). The involvement of co-founder Nicolas Kokkalis in a GenAI panel at Consensus 2025 further highlights this strategic direction. This contrast — a speculative market price currently at record lows versus active, forward-looking project development — creates a unique paradox for Pi Coin. As the Pi community eagerly anticipates the GenAI reveal, the coming days will be pivotal in determining whether this current low is merely a temporary market anomaly or a more lasting reflection of its value before a potential shift in its open market trajectory.