As geopolitical tensions escalate, crypto markets remain volatile, with Bitcoin bouncing sharply from the $99,000 level following U.S.-Israeli airstrikes on Iranian nuclear sites. While some analysts suggest this may signal a market bottom, especially for Bitcoin, altcoins continue to struggle under selling pressure. Among them, Virtuals Protocol price and ecosystem are struggling.

VIRTUAL token has managed to hold just above a key support level at $1.36, offering a glimmer of stability after a brutal correction. Yet, with Bitcoin dominance nearing 65%, investor appetite appears to favor larger-cap assets over smaller, speculative projects. At least for now.

DISCOVER: Best New Cryptocurrencies to Invest in 2025

Bitcoin Rebounds Above $102,000 After USA Strikes Iran Nuclear Facilities – Market Shows Risk-Selective Recovery

Bitcoin rebounded above $102,000 late Sunday, reversing earlier weekend losses. Gold and oil mirrored the recovery, indicating that markets are pricing in a contained conflict rather than sustained escalation. However, the altcoin market tells a different story.

Ethereum, Solana, Dogecoin, and smaller tokens like VIRTUAL recorded deeper losses over the weekend, reflecting a clear risk-off shift. With Bitcoin ETF inflows topping $1 billion earlier last week but drying up by Friday, investors seem to be rotating capital into safer, more liquid assets.

According to analysts, Bitcoin’s growing dominance, now at 65.5%, signals a narrowing focus on high-conviction assets, especially in geopolitical stress and uncertain liquidity.

While the current bounce offers a sliver of hope for VIRTUAL holders, it may be too early to call a definitive bottom. As Bitcoin consolidates above $100,000, the fate of altcoins will largely depend on broader market confidence and stabilizing global tensions.

For VIRTUAL, holding the $1.36 support is critical. A breakdown below could trigger a deeper correction, but a sustained bounce might revive short-term bullish momentum. Until then, caution remains key.

Virtuals Protocol Price Analysis: Testing Key Support as Momentum Fades

Virtuals Protocol price analysis

(VIRTUALUSDT)

Virtual Protocol price action in 2025 tells a story of extreme volatility. After surging to a high of $5.40 in January during a meme coin and altcoin boom, the token suffered a strong decline of over 85% by April. A brief recovery in May brought VIRTUAL back toward the $2.20–$2.40 range, but recent momentum has weakened again.

When writing, VIRTUAL trades around $1.39, barely holding above a crucial support zone between $1.36 and $1.40. This level has proven significant in the past, acting as resistance in December 2024 and now functioning as a support in early June. Its ability to hold here could determine the token’s short-term fate.

Should VIRTUAL maintain this level, a bounce could lead to a retest of resistance at $1.86, with further upside toward the $2.20 mid-range ceiling if bullish sentiment returns. However, a clean break below $1.36 could open the door to further losses, with downside targets at $1.00 and a major psychological floor at $0.50, last seen in late 2024.

EXPLORE: A Look Inside Semler Scientific’s Secret Plan To Double Its Bitcoin Treasury

Amid War and Market Panic, Solaxy Presale Defies the Odds With $57.9 Million Raised

Silaxy could be the best solana crypto to buy?

While most altcoins struggle to stay afloat amid escalating geopolitical tensions and Bitcoin dominance nearing 65%, a surprising outlier has emerged: Solaxy (SOLX). As tokens like VIRTUAL test key support levels after heavy losses, Solaxy has not only held investor interest but surged in demand, raising over $57.9 million during its ongoing presale.
In a market that’s clearly risk-averse, this level of commitment signals something deeper: investors are starting to prioritize long-term utility over short-term speculation.
Built as the first real Layer-2 solution on Solana, Solaxy addresses a problem many traders know too well: network congestion. From failed meme coin sales to stalled NFT mints, Solana’s scalability issues have frustrated users across the board. Solaxy solves this using Ethereum-style rollups, bundling thousands of transactions and offloading them onto Solana’s mainnet in batches. The result? Faster speeds, lower fees, and far less stress.
But utility doesn’t stop there. Solaxy is building a complete ecosystem with a decentralized exchange (Neptoon), a cross-chain bridge to Ethereum, a block explorer, wallet support, and Igniter – a no-code token launchpad aimed at helping meme coin creators launch safely and quickly.
The project recently executed two massive token burns, permanently removing 55 billion SOLX: 40% of the total supply. These deflationary moves have impressed analysts and excited the community, with many pointing to the potential for sharp price growth once the token hits exchanges.
  • The presale is ending soon, giving last-minute investors a brief window to purchase at the presale price of $0.001766. Here are the key dates to remember: June 23: Token claims and Solana–Ethereum bridge go live
  • June 29: Solaxy Wiki launches for devs and validators
  • July 7: Mainnet officially goes live
  • July 14: Neptoon DEX launches
  • July 21: Igniter meme coin launchpad rolls out

Time is running out.

Visit SOLX Here

Key Takeaways

  • VIRTUAL PROTOCOL price is testing critical support at $1.36 after falling over 85% from its January high of $5.40.
  • Bitcoin dominance has surged to 65.5%, reflecting capital rotation away from altcoins amid escalating U.S.–Iran tensions.
  • Solaxy (SOLX) defied market panic, raising $57.9 million during its presale thanks to real utility and a deflationary supply.
  • While VIRTUAL shows signs of stabilization, caution is warranted. A possible break below $1.36 could trigger another leg down.

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Fatima
Fatima
Crypto Journalist

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she's not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,... Read More

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!
Back to top