The US Crypto Market And Stocks Rocked After The Attack On Iran

Illustration: Photo: Doc. ANTARA

JAKARTA - Reku analyst Fahmi Almuttaqin said the US crypto market and shares were shaken after the US attack on Iran's three main nuclear facilities on Sunday, June 22, 2025.

This conflict is driving volatility in the US stock market, where the S&P 500 futures index and other major indexes are under pressure, as investors worry about wider escalation risks and potential impacts on global oil supplies.

"This concern is reinforced by soaring oil prices and strengthening US dollars. Defense and energy sector stocks tend to get more attention, while the bond market shows credit spread widening as a sign of increased risk," Fahmi said as quoted by ANTARA, Monday, June 23.

He explained that the positive performance of large oil companies such as Chevron and Exxon Mobil as well as in the defense sector such as Lockheed Martin and Northrop Grumman which have been quite visible can potentially grow in the midst of existing conditions.

However, corrections, especially in the energy sector, can occur if there is no real disruption to oil supply.

On the other hand, the crypto market is also showing a significant reaction. Bitcoin briefly fell sharply below US$100,000 due to growing market concerns over the US direct attack.

Responding to these conditions, Fahmi assessed that in general, both the US stock market and cryptocurrencies are defensively engaged and have the potential to be more sensitive to the latest developments in the Middle East amid potential conflict escalation that could have a wider impact on global risk sentiment.

Bitcoin today is seen as starting to recover and trading in the range of 100,500-101,400 US dollars, with altcoins like ETH, XRP, and SOL also starting to recover from last weekend's decline.

Meanwhile, the US stock index still tends to move flat and gold prices are rising slightly, indicating that market players are currently taking a wait and see stance against geopolitical risks, following corrections that occurred last weekend. Meanwhile, crude oil prices remain high at around 76 US dollars per barrel after a nearly 4 percent spike, triggered by fears of Iran's potential to block the Strait of Hormuz, "explained Fahmi.

Investors have also begun to monitor the possibility of a further US military action against Iran, although its probabilities according to forecast markets such as Polymarkets, have fallen from the peak of concern following the initial attack.

Overall, both the stock market and crypto currently tend to be defensive but begin to rediscover a new balance after an initial reaction to the geopolitical risk over the weekend, pending further developments," he added.

Furthermore, Fahmi assessed that investors are also considering the escalation of conflicts that have the potential to increase inflation which has started to slope in the last few months.

With the ongoing Russian-Ukraine conflict also absorbing the US military budget, the widespread Iran-Israeli conflict has the potential to increase the US government's war budget needs. At the same time, US trade negotiations with China have yet to find a bright spot as well as Trump's threat to increase tariffs to his trading partner countries next month have increasingly created uncertainty for investors against inflation outlooks, "added Fahmi.

The ability to survive Bitcoin at the current price level amid all negative sentiments and this uncertainty indicates an increasingly solid market power, a condition that can support the continued rally in this cycle.

"With this existing trend, there are positive developments such as inflation which did not experience a significant increase and the lowering of the Fed's interest rate in September, could potentially trigger a significant rally in the crypto market. If the trend of lowering interest rates goes according to plan, with the return of the decline either in November or December, the positive sentiment that exists has the potential to develop into the altcoin sector, which has generally tended to be underperformed so far," he continued.

To optimize this potential, Fahmi appealed to novice investors to consider a routine savings strategy to get an average price amidst the current uncertainty.

"Meanwhile, experienced investors who want to take advantage of the momentum to gain more optimal profit potential, adopt a rotation strategy by moving their assets periodically following every existing wave and accumulating strategic assets amid potential interest rates in the fourth quarter of this year, are several options to consider," said Fahmi.

In doing dollar cost-averaging (DCA), investors can optimize features that make it easier to invest in potential US crypto assets and shares.

For example, in the Packs feature in Reku, investors can invest in various crypto blue chips, crypto assets are drained in the AI sector and memecoins, as well as ETFs

US stocks with the best performance in one swipe to make it easier to diversify.

Moreover, the Packs feature equipped with the Rebalancing system will help investors adjust their investment allocations according to market conditions automatically.

"That way, the DCA strategy carried out can be easier, more practical, and optimal," he explained.