Bitcoin Dips Below $100K After U.S.-Iran Strikes, Bounces Back Quickly
Bitcoin Dips Below $100K After U.S.-Iran Strikes, Bounces Back Quickly
Bitcoin experienced a sharp drop over the weekend, briefly falling below the $100,000 mark for the first time in over a month. The dip came on the heels of a major geopolitical shock: U.S. President Donald Trump confirmed that American and Israeli forces had carried out coordinated airstrikes on four Iranian nuclear facilities.
The news shook global markets. Within 24 hours, Bitcoin lost 4% of its value, sliding to $99,300. Ethereum fell even harder, plunging by 10%, while the broader crypto market declined by about 7%. The sudden shift in sentiment reflected investor anxiety over the growing risk of a wider conflict in the Middle East.
Trump’s televised address added fuel to the fire, claiming that Iran’s nuclear sites at Natanz, Fordow, and Isfahan had been “totally obliterated.” Iran responded with missile strikes targeting Israeli positions and threats to block the Strait of Hormuz—a crucial route for global oil shipments. These developments sent investors scrambling for traditional safe-haven assets like gold, the U.S. dollar, and government bonds.
Bitcoin, however, didn’t stay down for long. By early Monday, June 23, it had rebounded to $101,904. Analysts credited the rapid bounce-back to short covering, algorithmic trading, and cautious optimism that the situation might not spiral into a full-blown regional war. Trading volume surged past $48 billion, highlighting the intense volatility and massive liquidations in the crypto derivatives market.
Ethereum and Solana also saw declines, though their recoveries were more modest. The broader crypto market remains sensitive to both technical breakdowns and global events. Analysts noted that Bitcoin's brief plunge was not just emotional—it also broke through key support levels, triggering automated sell-offs.
Still, Bitcoin’s resilience has sparked mixed reactions. Some investors see the episode as proof that crypto is still vulnerable to global shocks. Others believe the fast recovery shows Bitcoin is maturing into a serious financial asset that moves in tandem with traditional markets during crises.
Blockchain data firm Glassnode reported a spike in BTC inflows to exchanges during the rebound—suggesting some investors took profits while others repositioned for future moves. As of now, Bitcoin is hovering just below $102,000, with resistance expected between $104,000 and $106,000.
What happens next depends largely on diplomacy. If tensions ease, Bitcoin could continue climbing. But if Iran escalates—especially with attacks on oil facilities or a blockade of the Strait of Hormuz—markets could tumble again. Either way, the days ahead will test how far crypto has come as a global financial player.
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Bitcoin Dips Below $100K After U.S.-Iran Strikes, Bounces Back Quickly Bitcoin experienced a sharp drop over the weekend, briefly falling below the $100,000 mark for the first time in over a month. The dip came on the heels of a major geopolitical shock: U.S. President Donald Trump confirmed that American and Israeli forces had carried out coordinated airstrikes on four Iranian nuclear...
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