--- title: "Bitcoin, Ethereum, XRP Slide, Dogecoin Flat As US Launches 'Proportional' Strikes Against Iran: Analyst Sees BTC's Strong Rebound To $74,000 Soon" type: "News" locale: "en" url: "https://longbridge.com/en/news/289266812.md" description: "Cryptocurrencies and stock indexes fell amid escalating Middle East tensions following US strikes on Iran. Bitcoin, Ethereum, and XRP declined, while Dogecoin remained flat. Despite the selloff, analyst Michaël van de Poppe predicts a strong Bitcoin rebound to $72,000-$74,000 upon breaking resistance. Santiment data suggests Ethereum is in an 'extreme fear' zone, historically a precursor to price rebounds." datetime: "2026-06-10T02:01:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289266812.md) - [en](https://longbridge.com/en/news/289266812.md) - [zh-HK](https://longbridge.com/zh-HK/news/289266812.md) --- # Bitcoin, Ethereum, XRP Slide, Dogecoin Flat As US Launches 'Proportional' Strikes Against Iran: Analyst Sees BTC's Strong Rebound To $74,000 Soon Leading cryptocurrencies fell alongside major stock indexes on Tuesday amid a big escalation in the Middle East conflict. **Cryptocurrency** **24-Hour Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Bitcoin** (CRYPTO: BTC) \-1.68% $61,757.98 **Ethereum** (CRYPTO: ETH)                 \-1.83% $1,641.98 **XRP** (CRYPTO: XRP)                          \-1.71% $1.13 **Solana** (CRYPTO: SOL)                          \-0.96% $65.08 **Dogecoin** (CRYPTO: DOGE)              \-0.15% $0.08487 ## **Crypto Market On Edge** **Bitcoin** revisited the $60,000 floor but recovered overnight, as trading activity climbed 12% in the past 24 hours. **Ethereum** pulled back to the $1,600 region, while **XRP** and **Dogecoin** remained bearish. Cryptocurrency-related stocks plunged, with **Strategy Inc.** (NASDAQ:MSTR) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing down 8% and 3.86%, respectively.  Over $420 million was liquidated from the market in the last 24 hours, with $324 million in long positions alone wiped out, according to Coinglass data. Bitcoin's open interest rose 1.23% in the last 24 hours. A rise in open interest alongside a sliding price typically indicates that new traders are aggressively selling or shorting the asset, expecting the price to fall further. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap\>$100 M)** **Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Bitway** (BTW)       +93.78%     $0.1144 **Humanity** (H)                    +96.30%     $0.1923 **Stargate Finance** (STG)               +40.89%     $0.3704 The global cryptocurrency market capitalization stood at $2.13 trillion, contracting 1.25% over the last 24 hours. **Read Also: Robert Kiyosaki Warns That This Move By Iran Was 'Worse Than War'— It Could Spell The Death Of The Dollar** ## **Stocks Correct** As Hostilities Resume Major indexes pulled back on Tuesday. The **S&P 500** retreated 0.26% to close at 7,386.65**,**  while the tech-heavy **Nasdaq Composite** fell 0.97% to close at 25,678.82.  The **Dow Jones Industrial Average** shrugged off the decline, rallying 86.10 points, or 0.17%, to end at 50,872.11.  President **Donald Trump** said that the negotiating parties are on the verge of finalizing a "very, very good deal" with Tehran even though the U.S. military launched “proportional” strikes against Iran in response to the alleged downing of an Army Apache helicopter by Iranian forces. ## Will Bitcoin Bounce Back? Widely followed cryptocurrency analyst and trader **Michaël van de Poppe** noted Bitcoin consolidating below $65,000, with a clean breakout potentially triggering a strong run to $72,000-$74,000. "I don’t think it will take long before the markets will be doing this, as the recent selloff was relatively irrational," Van De Poppe said. > #Bitcoin is stalling beneath $65K as breaking that level would trigger a strong run to $72-74K. > > The $65K support level was the previous level of support after the crash early in February and is now acting as the resistance to break through. > > If it happens for Bitcoin's price to… pic.twitter.com/GOaN7KuT0O > > — Michaël van de Poppe (@CryptoMichNL) June 9, 2026 On-chain analytics firm Santiment noted Ethereum’s positive-to-negative social commentary ratio hitting one of 2026’s lowest levels, placing it in an "extreme fear" zone. "Historically, Ethereum has tended to rebound when social sentiment reaches extreme FUD levels because prices frequently move opposite to the crowd’s expectations," Santiment added. > ✍️ TL;DR: Crowd has written off Ethereum, making the probability of a rebound substantially higher > 📊 Metrics Used: Positive vs. Negative Commentary Ratio > 🔗 Link: https://t.co/vCjlfHHuGE > > 📉 Ethereum's social sentiment has fallen into an extreme "fear zone" as traders react to… pic.twitter.com/XHAf2KglbR > > — Santiment Intelligence (@SantimentData) June 9, 2026 **Read Also: Trump Has Predicted An Iran Deal 38 Times Since March: Prediction Markets Say It Won't Happen Soon** _Photo Courtesy: Marc Bruxelle on Shutterstock.com_ ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) - [DOGEUSD.VAHK](https://longbridge.com/en/quote/DOGEUSD.VAHK.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) ## Related News & Research - [LIVE MARKETS-Bitcoin's dull year may signal market maturity, Bernstein says](https://longbridge.com/en/news/289082198.md) - [Institutions Don't Mind Scooping Up Bitcoin At A Discount, Says Top Coinbase Exec](https://longbridge.com/en/news/289160778.md) - [FingerMotion partners with BlueFlare to build edge AI inference sites; first PR1 site planned in Alberta](https://longbridge.com/en/news/289239176.md) - [CleanSpark Releases May 2026 Operational Update](https://longbridge.com/en/news/288723248.md) - [Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears](https://longbridge.com/en/news/288376995.md)