- Bitcoin fell below $62,000 after President Donald Trump declared the U.S.-Iran ceasefire “over,” triggering a broad crypto selloff.
- Solana and Dogecoin posted the largest losses among the top 10 cryptocurrencies, with SOL down 5.4% and DOGE down 5.1%.
- Retail sentiment on Stocktwits remained ‘bullish’ for both Bitcoin and Ethereum despite the pullback.
- Analysts are split on Ethereum’s outlook, with MN Fund founder van de Poppe bullish while Ted Pillows warns of further downside if support breaks.
President Donald Trump said the U.S.-Iran ceasefire is “over”, sending Bitcoin below $62,000 and triggering a broad selloff across cryptocurrency markets, with Solana and Dogecoin suffering the largest losses among the top 10 coins. Bitcoin’s price fell over 2% to around $61,800 in the last 24 hours, while Ethereum dropped 2.6% to $1,733.
On Stocktwits, retail sentiment for both cryptocurrencies remained in ‘bullish’ territory despite the pullback. According to MN Fund founder and analyst Michael van de Poppe, Ethereum offers a better investment than Bitcoin in the current market setup, calling it “resilient” and in an uptrend for the first time in over a year.
However, analyst Ted Pillows cautioned that if Ethereum closes the day below the support zone of $1,750, a deeper correction could follow. Retail traders on Stocktwits expect Bitcoin to drop further, with one user forecasting a test near $41,000, blaming the Iran war uncertainty for the sell-off.
Solana fell 5.4% to $77, Dogecoin dropped 5.1% to $0.07, while XRP and BNB also declined. The overall market saw nearly $450 million liquidated over 24 hours, with $346 million from long positions. Bitcoin and Ethereum accounted for roughly $100 million each in unwound leveraged trades.
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