The market\u2019s leading 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 middle east continue to escalate.\u00a0<\/p>\n
This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with Ethereum <\/a>(ETH) experiencing an even sharper decline of nearly 10%. Overall, the total cryptocurrency market took a significant hit, falling about 7% in just 24 hours.<\/p>\n The timing of this downturn was particularly notable, occurring just hours after the US targeted <\/a>three key nuclear sites in Iran. Tensions had escalated following a United Nations report that indicated Iran was not adhering to international prohibitions against developing a military nuclear program.\u00a0<\/p>\n In response to these revelations, Israel conducted strikes against Iran, leading to further retaliation from the Islamic Republic. On Saturday, President Donald Trump declared on social media:<\/p>\n 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!<\/p>\n This recent plummet below the psychologically significant $100,000 threshold follows a year of substantial gains for Bitcoin. After Trump took office in January, Bitcoin reached all-time highs above $100,000 in February, buoyed by executive orders aimed at supporting the cryptocurrency sector<\/a>.\u00a0<\/p>\n However, the cryptocurrency\u2019s price soon mirrored the broader declines in financial markets, particularly after Trump announced severe tariffs in April, which saw Bitcoin fall to nearly $75,000, its lowest point in 2025.<\/p>\n Despite this volatility, Bitcoin had seen a resurgence, particularly in May when it reached new highs as Wall Street investors returned to the cryptocurrency through US exchange-traded funds<\/a> (ETFs).\u00a0<\/p>\n However, by late Sunday, there were signs of recovery, with Bitcoin trading approximately at $101,300, down only 1% over the previous day, while ETH managed to pare its losses to around $2,200.<\/p>\nGeopolitical Unrest And Tariff Troubles<\/h2>\n
Forced Liquidations Exacerbate Bitcoin Sell-Off<\/h2>\n