Bitcoin, Ethereum Flat, XRP, Dogecoin Dip As US Hits ‘Multiple Targets’ In Iran: Analyst Points To Data Showing BTC Bottom Not In Yet
June 10, 2026
Leading cryptocurrencies traded sideways, while stocks closed lower on Wednesday as resumption in U.S.-Iran hostilities dampened risk-on appetite
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
|
Bitcoin (CRYPTO: BTC) |
+0.28% |
$61,916.15 |
|
Ethereum (CRYPTO: ETH) |
-0.48% |
$1,632.51 |
|
XRP (CRYPTO: XRP) |
-2.52% |
$1.10 |
|
Solana (CRYPTO: SOL) |
-1.53% |
$64 |
|
Dogecoin (CRYPTO: DOGE) |
-1.44% |
$0.08363 |
Crypto Market Stagnates
Bitcoin spiked to an intraday high of $62,788 but faced stiff resistance soon after. Ethereum meandered in the $1,600 zone, while XRP and Dogecoin traded in the red.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.43% and 3.46%, respectively.
Over $400 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Bitcoin’s open interest rose marginally by 0.84% in the last 24 hours. Retail and whale derivatives traders with open BTC positions, meanwhile, remained long on the apex cryptocurrency.
“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|
Velvet (VELVET) |
+123.97% |
$0.8940 |
|
Audiera (BEAT) |
+49.55% |
$7.12 |
|
Magma Finance (MAGMA) |
+44.27% |
$0.5399 |
The global cryptocurrency market capitalization stood at $2.12 trillion, following a dip of 0.33% from the previous day.
Read Also: Bitcoin Too Volatile For Retirement? The Biggest Myth In Crypto, Two Analysts Argue
Stocks Slide As US Intensifies Attacks On Iran
Stocks retreated further on Wednesday. The S&P 500 fell 1.62% to end at 7,266.99, while the tech-focused Nasdaq Composite slid 1.98% to settle at 25,169.50. The Dow Jones Industrial Average lost 953.33 points, or 1.87%, to close at 49,918.78.
The U.S. military said it launched strikes against “multiple targets” in Iran in response to Tehran’s “unwarranted and continued aggression.” Trump said earlier in the day that Iran “took too long” to negotiate a deal and will have to “pay the price.”
U.S. Central Command forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. The strikes are in response to Iran’s unwarranted and continued aggression.
— U.S. Central Command (@CENTCOM) June 10, 2026
Why BTC Needs To Cross $64,0000
Widely followed cryptocurrency analyst and trader Michaël van de Poppe saw “no clear decision” on Bitcoin’s path as yet, but predicted the leading cryptocurrency would test recent lows in the next few days to sweep liquidity.
“There’s not a ton of strength, and there’s no reason for it, so you clearly need to look at the technical side of things and those aren’t bullish until $64,000 breaks,” the analyst stated.
No clear decision on the path for $BTC as of yet.
I would assume, given the overall weakness in the markets, that we’ll see a test of the lows happening in the coming few days to take liquidity and see what happens from there.
There’s not a ton of strength, and there’s no… pic.twitter.com/KbllOGyUKb
— Michaël van de Poppe (@CryptoMichNL) June 10, 2026
On-chain analytics firm CryptoQuant noted that Bitcoin’s realized losses have not yet reached capitulation levels.
The firm highlighted that sellers realized 187,000 BTC of losses in the last month, compared to 1.2 million BTC at the November 2022 cycle bottom.
“The bottom may be near in terms of price level, but a regime change into a bull market requires a constructive demand recovery, a condition not yet visible in the data,” CryptoQuant added.
Bitcoin’s correction still lacks capitulation.
Realized losses reached 187K BTC over the last 30 days, below the 400K BTC panic in Feb and the 1.2M BTC spike after FTX collapsed.
Historically, major bottoms form after seller exhaustion. The data suggests we’re not there yet. pic.twitter.com/qcLXQwUT7o
— CryptoQuant.com (@cryptoquant_com) June 10, 2026
Read Also: Anthony Pompliano Says Bitcoin’s 50% Correction Is ‘One Of The Best Bear Markets’ Ever
Photo Courtesy: vinnstock on Shutterstock.com
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This article Bitcoin, Ethereum Flat, XRP, Dogecoin Dip As US Hits 'Multiple Targets' In Iran: Analyst Points To Data Showing BTC Bottom Not In Yet originally appeared on Benzinga.com
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