Home
Cryptocurrency
Bitcoin Price Slides to $62,700 as Investors Remain Cautious Amid Ongoing Geopolitical Uncertainty

Bitcoin Price Slides to $62,700 as Investors Remain Cautious Amid Ongoing Geopolitical Uncertainty

US-Iran peace deal delays and liquidation pressure keep crypto investors on the sidelines.

Written by Rahul Dhingra, Edited by David Delima | Updated: 19 June 2026 13:48 IST

Bitcoin Price Slides to $62,700 as Investors Remain Cautious Amid Ongoing Geopolitical Uncertainty

Photo Credit: Unsplash/Kanchanara

Mixed institutional demand keeps Bitcoin trapped within a key trading range

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Long liquidations add pressure to Bitcoin’s recent pullback
ETF flows remain mixed as institutions stay cautious
Bitcoin support near $60,000 remains critical

Bitcoin traded near $62,700 (roughly Rs. 59.27 lakh) on Friday, as the cryptocurrency market remained under pressure amid uncertainty surrounding the US-Iran peace process and the US Federal Reserve's hawkish policy outlook. The world's largest cryptocurrency saw a decline of 2.21 percent in the last 24 hours, based on today's CoinMarketCap data. Ethereum (ETH) was trading near $1,700 (roughly Rs. 1.60 lakh), reflecting weakness across the broader crypto market. Bitcoin is currently priced around Rs. 59.27 lakh in India, while Ethereum trades near Rs. 1.60 lakh, as per today's Gadgets 360 price tracker.

Analysts noted that delays in finalising the US-Iran peace agreement, concerns over potential regional escalations, and the Federal Reserve's hawkish stance have weakened risk appetite.

Various altcoins also traded lower on Friday, largely mirroring Bitcoin's decline, as traders remained cautious. Binance Coin (BNB) was priced around $575.31 (roughly Rs. 54,360), while Solana (SOL) traded near $68.64 (roughly Rs. 6,485). XRP hovered around $1.13 (roughly Rs. 107), and Dogecoin (DOGE) traded at $0.083 (roughly Rs. 7.8), indicating continued weakness across large-cap digital assets.

Aztec Hit With Second Security Breach in Less Than a Week

Peace Deal Delays and Fed Signals Weigh on Crypto Markets

Explaining the latest market setup, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “While the initial memorandum between the two countries improved sentiment, delays in finalising the peace deal and concerns over potential escalations from Israel have weakened risk appetite. The move led to nearly $330 million (roughly Rs. 3,118 crore) in long-position liquidations, adding to the pullback.”

Providing a broader assessment of market conditions, Vikram Subburaj, CEO, Giottus.com, said, “The market remains heavily influenced by macroeconomic developments and ETF flows. Investors should remain cautious in the current environment. Avoid taking overleveraged positions. Maintaining disciplined risk management is essential. A staggered investment approach may also be prudent until institutional demand shows clearer signs of recovery.”

Commenting on current market sentiment, the CoinSwitch Markets Desk said, “The Fed held rates steady, but its updated projections pointed to fewer rate cuts ahead, a more cautious stance than investors had expected. Meanwhile, a series of major upcoming listings like Anthropic and OpenAI could pull a portion of investor liquidity away from crypto.”

Overall, Bitcoin's ability to defend the $62,200-$62,800 (roughly Rs. 58.77 lakh-Rs. 59.34 lakh) support zone and reclaim the $64,700-$66,000 (roughly Rs. 61.13 lakh-Rs. 62.36 lakh) resistance range will remain crucial for determining near-term market direction.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More