Bitcoin Crashed Below $100,000 Amid US Airstrikes | Crypto News
The market’s main crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the center east proceed to escalate.
This decline, which noticed the Bitcoin price drop roughly 4% to around $99,300, coincided with a broader market sell-off, with Ethereum (ETH) experiencing an even sharper decline of practically 10%. Overall, the full cryptocurrency market took a vital hit, falling about 7% in just 24 hours.
Geopolitical Unrest And Tariff Troubles
The timing of this downturn was notably notable, occurring just hours after the US focused three key nuclear websites in Iran. Tensions had escalated following a United Nations report that indicated Iran was not adhering to worldwide prohibitions against developing a navy nuclear program.
In response to these revelations, Israel performed strikes against Iran, main to additional retaliation from the Islamic Republic. On Saturday, President Donald Trump declared on social media:
This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR. THANK YOU!
This latest plummet below the psychologically vital $100,000 threshold follows a yr of substantial good points for Bitcoin. After Trump took workplace in January, Bitcoin reached all-time highs above $100,000 in February, buoyed by govt orders aimed at supporting the cryptocurrency sector.
However, the cryptocurrency’s price soon mirrored the broader declines in financial markets, notably after Trump introduced extreme tariffs in April, which noticed Bitcoin fall to practically $75,000, its lowest level in 2025.
Despite this volatility, Bitcoin had seen a resurgence, notably in May when it reached new highs as Wall Street traders returned to the cryptocurrency through US exchange-traded funds (ETFs).
However, by late Sunday, there have been indicators of restoration, with Bitcoin trading roughly at $101,300, down only 1% over yesterday, while ETH managed to pare its losses to around $2,200.
Forced Liquidations Exacerbate Bitcoin Sell-Off
According to CNBC, Iran has also threatened to block the Strait of Hormuz, a essential delivery route accountable for roughly 20% of the worldwide oil provide, additional including to the broader financial uncertainty.
JPMorgan warned that such a blockade may drive oil costs up to $130 per barrel, which might have vital implications for US inflation, probably pushing it back toward 5%—a stage not seen since March 2023.
While Bitcoin has usually been promoted as an inflation hedge, its latest conduct aligns more carefully with that of high-beta tech shares. Data from crypto supplier Kaiko signifies that Bitcoin’s correlation with the tech-heavy Nasdaq has elevated sharply in latest weeks, notably following the surge in inflows into Bitcoin ETFs.
Institutional investment patterns have also shifted. More than $1.04 billion flowed into spot Bitcoin ETFs from Monday to Wednesday final week, but this momentum dissipated as the weekend approached, with minimal web motion on Thursday and only $6.4 million on Friday.
The technical facets of the market additional exacerbated the sell-off. Research from CoinGlass revealed that Bitcoin’s drop below $99,000 triggered pressured liquidations across offshore derivatives platforms, including Binance and Bybit.
During this period, over $1 billion in crypto positions have been liquidated within 24 hours, with more than 95% of these coming from long positions, highlighting the market’s overexposure.
Featured image from DALL-E, chart from TradingView.com
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