As Iran and Israel tension escalates, crypto prices are volatile. Bitcoin and Ethereum are ticking higher. Solaxy has raised over $55.4 million, and SOLX is emerging as the best crypto to buy now.
With threats of war in the Middle East and ongoing skirmishes between Russia and Ukraine, the global economy teeters on a knife’s edge.
Safe havens like gold and Bitcoin will likely benefit from this situation. However, given the nature of crypto, the positive correlation between Bitcoin and some top altcoins could drive prices higher to some degree.
Tensions in the Middle East
Veteran crypto traders are bracing for impact as Israel-Iran tensions will likely escalate further.
Iran and the United States maintain hardline stances, showing no signs of compromise.
China and Russia are also closely monitoring the situation and have issued threats, pushing global markets into a reactive, risk-off mode.
This shift in investment sentiment is evident in traders’ aggressive repositioning.
Bitcoin and Ethereum have found temporary footing, recovering after losses earlier this week. Volatility, however, remains high.
After sinking to as low as $104,500 earlier this week,
Bitcoin
1.29%
Bitcoin
BTC
Price
$64,231.88
1.29% /24h
Volume in 24h
$16.50B
Price 7d
is rebounding. Ethereum is also firm, reclaiming $2,500, while
Solana
4.07%
Solana
SOL
Price
$73.34
4.07% /24h
Volume in 24h
$1.99B
Price 7d
remains mostly flat, moving sideways below $150.
As crypto prices rise, the total value of leveraged open positions has increased to $144.95 billion, a 2.53% rise.
(Source)
According to Coinglass data, Bitcoin continues to dominate, increasing its market share by 0.11% to 64.11%.
Explore: Best New Cryptocurrencies to Invest in 2025
Crypto Volatility Forcing Veteran Traders to Hedge
From a sentiment perspective, traders are closely monitoring geopolitical events, particularly in the Middle East. Many are hedging in case the situation deteriorates.
Reflecting this cautious mood, the Fear and Greed Index has shifted to 48, or neutral, down from “Greed” a few weeks ago before Israel began operations inside Iranian territory.
Overall, the risk-off sentiment and heightened volatility may be short-lived, especially for Bitcoin and Ethereum.
In an email to 99Bitcoins, Nick Forster, founder of Derive, a decentralized options trading platform, noted that traders are optimistic and expect news of a ceasefire in the coming days. “ETH short-term ATM implied volatility saw a sharp drop this week, from around 100% to 60%, as initial market panic from the Israel-Iran conflict began to settle. Despite continued tensions and the Fed’s recent decision, longer-dated ETH vols (ATM 30-180) remained steady, signaling that traders aren’t expecting long-term turmoil,” Forster said. “BTC skew (25 delta C–P) stayed firmly negative, around -3%, especially on short-term expiries. This indicates persistent demand for puts, likely a hedge against further geopolitical risk, a sentiment that hasn’t shifted much since earlier this week.”
Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025
Solaxy: The Best Crypto to Buy Now?
Amid this uncertainty, Solaxy is emerging as a strategic bet for those seeking high returns from the current volatility in Bitcoin and crypto.
Solaxy is building the first Solana layer-2 solution, and its value proposition explains why investors and traders are scrambling to buy SOLX.
The project has burned 55 billion SOLX, with 35 billion initially removed and an additional 20 billion taken out of circulation this week. Only 60% of the initial total supply remains.
Another MASSIVE burn. 🔥
We’ve just burned 20,000,000,000 $SOLX, further tightening supply ahead of mainnet.
This follows our previous 35B $SOLX burn, bringing the total burn to 55 BILLION $SOLX – That's ~40% already burned!
View here: https://t.co/0izmHfkIJv
Less supply.… pic.twitter.com/Q7rIj0BCbc
— SOLAXY (@SOLAXYTOKEN) June 19, 2025
Beyond this scarcity-driven appeal, Solaxy aims to reduce or eliminate congestion on Solana during periods of high demand, particularly during meme coin mania.
As a result, investors think SOLX is one of the best cryptos to buy right now.
They have helped raise over $55.4 million with less than three days remaining before the presale ends.
Each SOLX is trading at $0.001766, and presale investors can stake, earning a 76% APY yield.
DISCOVER: 15 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis
Traders Hedging As Solaxy Emerges As Best Crypto to Buy Now
- Tensions rising in the Middle East with Iran and Israel bombing continuing
- Crypto volatility rises, but traders are hedging
- Will Bitcoin and Ethereum rally?
- Solaxy raises over $55.4 billion as SOLX emerges as one of the best cryptos to buy right now
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
