The US has finally entered the ongoing conflict between Iran and Israel, with President Trump announcing early Sunday morning (BST) that the United States launched missile attacks on three key Iranian nuclear sites. This has led to crypto crashing overnight as Bitcoin hovers around $102,800.
Per CoinGecko, the combined crypto market is down 3.5% in the past 24 hours, with notable assets such as Ethereum (ETH), Ripple (XRP), Solana (SOL) and Cardano (ADA) all down 5.8%, 2.2%, 3.3% and 4.7%, respectively.
Most Crypto Crashing But Bitcoin Holding Surprisingly Well Amid A WW3 Breakout
With crypto crashing due to the US officially entering the conflict between Israel and Iran, striking three nuclear sites early this Sunday morning, Bitcoin dropped to $101,280. Market onlookers were watching nervously to see if $100,000 would hold. Continuing its recent show of strength, BTC has since bounced back to $102,700.
Today marks the 44th consecutive day that Bitcoin has maintained a price above $100,000. The last time BTC was trading below $100,000 was May 8. This level of strength from the leading digital asset sparks hope to investors that even a looming global war can’t stop the momentum.
Bitcoin is increasingly likely to be a flight to safety for investors, similar to how physical gold has always become a hot commodity during wartime. BTC, aka digital gold, is quickly showing itself as the ideal hedge in a global sense due to its recession-proof nature and freedom from traditional financial risks.
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This latest drop from Bitcoin, briefly below $102,000, was yet another liquidity sweep. Now, there is a significant liquidity wall ahead of it, starting at $110,500-111,000. If BTC can break through this level, then a run into price discovery could well take Bitcoin to over $125,000 in the short term.
As of June 20, blockchain analytics platform @lookonchain stated that Bitcoin ETF 1-day net inflows were positive to the tune of $288 million, with the world’s largest asset manager, BlackRock, holding over 683,000 BTC, equating to roughly $71 billion.
So while many retail traders are capitulating their bags due to the escalating global affairs, institutions continue to buy Bitcoin and Ethereum on each dip. Now, the question should not be ‘Why is crypto crashing?’ but ‘What is the best crypto to buy on this dip?’.
And no crypto is better to buy on this dip than Solaxy (SOLX), a Solana Layer-2 project that is still in presale for another 24 hours after raising an incredible $56.6 million.
Is Solaxy (SOLX) The Best Crypto To Buy On This Dip?
With crypto crashing heavily outside of Bitcoin, Solaxy (SOLX), continues to cement itself as one of the biggest crypto presales in the past year after another six-figure daily inflow, taking the total raised to over $56.6 million.
Solaxy has a first mover advantage as the first-ever Layer-2 protocol built on Solana. Compared to the Ethereum L2 space, valued at over $12 billion, SOLX is entering an untapped market with unbelievable potential.
The team at Solaxy is utilizing rollup technology to build not only its L2 protocol but also a whole ecosystem of products.SOLX gives users an all-in-one suite of tools for their on-chain adventures.
As of now, the team has announced a token launchpad, a DEX, and a bridge allowing traders to move from Ethereum or Solana to Solaxy.
Also, a token launchpad, named the Igniter protocol, has been developed to compete with Pump.fun and Raydium’s LaunchLab. Traders will be able to watch their token graduate from Igniter onto the Neptoon DEX, with the potential to create the first 1000x play on Solaxy.
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The team recently published the full release schedule for Solaxy for the next four weeks. SOLX token claims start on June 23, the same date the bridge goes live. Then, staking unlocks take place a week later, on June 30.
Other notable dates are the mainnet launch on July 7 and the DEX launch on July 14. Finally, the token launchpad, Igniter, will be released on July 21.
For the best experience purchasing SOLX, use Best Wallet when prompted to connect a wallet on the Solaxy presale website. It is the recommended noncustodial Web3 wallet with full presale integration and multichain support.
Follow Solaxy on Telegram and X for all the latest updates from the SOLX team.
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