Bitcoin falls below $106,000

June 18 — Based on HTX market data, the market has exhibited signs of risk-off sentiment due to worries that the US might interfere in the Iran-Israel conflict. The total cryptocurrency market capitalization has decreased by 6.2% over the past 24 hours and currently stands at $3.341 trillion. The losses in altcoins have intensified, as follows: RESOLV is currently at $0.2229, with a 24-hour decline of 17.86%; VIRTUAL is currently at $1.67, with a 24-hour decline of 14.7%; NEIRO is currently at $0.00035, with a 24-hour decline of 15.09%; WIF is currently at $0.756, with a 24-hour decline of 14.5%; IMX is currently at $0.41, with a 24-hour decline of 14.94%.

On June 18th, as per Axios, Trump is slated to convene with the national security team in the White House Situation Room within 2 minutes (1:00 AM Beijing time) in order to determine the U.S. policy concerning the Israel-Iran war. U.S. officials declared that Trump is earnestly contemplating joining the war and launching strikes against Iran's nuclear facilities, specifically the underground uranium enrichment facility in Fordow. The cryptocurrency market witnessed further declines likely due to this news, with Bitcoin dropping below $104,000.

On June 18th, based on HTX market data, Bitcoin has dropped below $104,000, and the 24-hour decline has expanded to 2.6%.

On June 18th, based on Coinglass data, in the event that Bitcoin drops beneath $103,000, the cumulative intensity of long liquidation on major CEXs will reach $702 million. Conversely, if Bitcoin surges above $106,000, the cumulative intensity of short liquidation on major CEXs will reach $612 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart signify the relative significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity.

On June 18th, it was made public that yesterday Tron disclosed plans to go public by means of a reverse merger with the Nasdaq-listed company SRM Entertainment, and a new company named Tron Inc. was formed. This transaction was mediated by the investment bank Dominari Securities. Although Eric Trump, the younger son of Donald Trump, clarified in a subsequent post that he would not hold any position in the new company listed through Tron's "reverse merger", both Donald Trump Jr., the elder son, and Eric Trump have financial links with Dominari Securities, the broker of this deal. According to a report by Forbes in April, both Trump sons joined the advisory board of Dominari Holdings, the parent company of Dominari Securities, which is based in Trump Tower. As a result, each of them was granted 750,000 shares in the company. At that time, these shares were valued at approximately $3 million. They immediately received 250,000 shares upon joining, and an additional 500,000 shares would be

BlockBeats disclosed that on June 18th, the U.S. Supreme Court summoned a hearing regarding Trump's global tariff policies. (Jin10)