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Bitcoin, XRP, and Stellar drop amid US-Iran tensions and rising inflation fears

Market News
10 Jun 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin, XRP, and Stellar cryptocurrencies fell as escalating US-Iran geopolitical tensions and rising US inflation pressured the market. Bitcoin dropped about 1.6% to near $61,642, XRP declined 3%, and Stellar fell 4.63%, with the total crypto market cap shrinking 1.5% to around $2.13 trillion. The selloff followed renewed threats from President Trump against Iran and concerns over tighter Federal Reserve policies due to inflation hitting 4.2%. Investors are watching if Bitcoin can hold the $60,000 support level, which could influence broader crypto recovery or further declines.

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