dogecoin 52 week high chartink|In This ArticleTensions in the Middle EastCrypto Volatility Forcing Veteran Traders to HedgeSolaxy:

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, BTC ▲0.88% is rebounding. Ethereum is also firm, reclaiming $2,500, while SOL ▲3.47% 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.”

BitcoinPriceMarket CapBTC$2.29T24h7d30d1yAll time

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.

VISIT SOLAXY PRESALE