Orbit Markets Founder: Support Level Expected Around $101,000, but Political News Will Drive Short-Term Price Movements

According to ChainCatcher, citing Jinshi Data, on June 13, following Israel's airstrike on Iran, Bitcoin and other cryptocurrencies experienced a significant depreciation.

Caroline Mullen, co-founder of crypto derivatives liquidity provider Orbit Markets, stated: "Cryptocurrencies reacted negatively to the news of Israel's attack on Iran, in line with major risk assets. We expect to see technical support around $101,000, but geopolitical news will drive price movements in the short term."