Bitcoin briefly dropped below $100K and dragged the entire crypto market down with it.

Bitcoin briefly dropped below $100K and dragged the entire crypto market down with it. The Fear and Greed Index hit 37 while the CMC Altcoin Season Index is sitting at 14 – both screaming the uncertainty mode. Nearly $1 billion got wiped from the market in a brutal 7% overnight selloff as geopolitical tensions escalated. Six-figure Bitcoin suddenly doesn’t feel so stable when real-world chaos enters the chat. So what triggered this crypto bloodbath? Let’s dive into today’s top stories:

• Bitcoin fell over 4% to $98,843, hitting its lowest point since early May as geopolitical tensions spiked over the weekend. Could this push Bitcoin even lower?
• Glassnode research shows every dollar governments invest in Bitcoin could boost its market cap by $25/dollar in the short term. But what could this mean for Bitcoin’s price long-term?
• Bloomberg analysts give Solana, XRP, and Litecoin ETFs a 95% chance of approval by year-end. What’s driving this sudden confidence from regulators?
• Real Vision CEO Raoul Pal thinks this crypto cycle might not peak until Q2 2026, comparing current conditions to 2017’s steady climb. But what exactly could extend this bull run for years?
• MicroStrategy’s Michael Saylor raised his Bitcoin prediction from $13 million to $21 million by 2046. But what convinced Saylor to double his bet?

Let’s dive in after the market overview! 

Bitcoin Briefly Crashes Below Six Figures

Bitcoin briefly fell over 4% to $98,843, hitting its lowest point since early May as geopolitical tensions spiked over the weekend.. Ethereum crashed harder, dropping more than 10% to $2,171. XRP, Solana, and Dogecoin all hit two-month lows. Liquidations exploded to nearly $950 million in 24 hours, with $850 million coming from long positions getting crushed. Could this push Bitcoin even lower? Read the full story!

Governments’ Crypto Strategy Could Moon Bitcoin

Glassnode research shows every dollar governments invest in Bitcoin could boost its market cap by $25/dollar in the short term. Countries like El Salvador, Bhutan, and the United States are accumulating Bitcoin differently than retail investors. They hold without trading, removing supply from the market permanently. Over 30% of Bitcoin’s supply is now controlled by 216 centralized entities. But what could this mean for Bitcoin’s price long-term? Read the full story!

Altcoin ETFs Are About to Drop

Bloomberg analysts Eric Balchunas and James Seyffart give Solana, XRP, and Litecoin ETFs a 95% chance of approval by year-end. Dogecoin, Cardano, and Polkadot got 90% odds. The CFTC already approved futures markets for all these tokens, which historically precedes spot ETF approvals. What’s driving this sudden confidence from regulators? Read the full story!

Crypto Bull Run Could Last Two More Years

Real Vision CEO Raoul Pal thinks this crypto cycle might not peak until Q2 2026, comparing current conditions to 2017’s steady climb before December’s explosion. His business cycle score sits below 50, historically indicating early phases. The U.S. Dollar Index dropped 9% since January, typically bullish for Bitcoin. But what exactly could extend this bull run for this long? Read the full story!

Michael Saylor Raised His Bitcoin Target

MicroStrategy’s Michael Saylor raised his Bitcoin prediction from $13 million to $21 million by 2046. Saylor bought another $1 billion worth of Bitcoin last week, bringing MicroStrategy’s holdings to 592,100 BTC. He’s betting the company on his forecast. But what convinced Saylor to double his bet? Read the full story!

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