On Sunday, the largest cryptocurrency in the world dropped below $ 100,000 for the first time in more than a month after the American air strikes on Iran.
Bitcoin fell 4% in the past 24 hours to around $ 99,300, according to Binance data. Ether, the second largest cryptocurrency by market capitalization, experienced an even more striking drop, which allowed almost 10%. The total cryptography market sang around 7% during the last day.
The sale occurred just a few hours after the United States bombed three key nuclear sites in Iran on Saturday.
In mid-June, a nuclear guard dog supported by the United Nations said that Iran did not comply with the prohibitions to develop a military nuclear program. Israel struck Iran shortly after the watchdog made known its allegations and the Islamic Republic retaliated. Trump announced on Saturday that he had authorized the United States entry into the conflict.
“It’s a historic moment for the United States of America, Israel and the world. Iran must now agree to end this war. THANKS!” Trump published on social networks on Saturday evening in all capital letters.
The recent bitcoin below the psychologically significant threshold of $ 100,000 follows a year of gains for cryptocurrency.
After Trump won the 2024 presidential election in November, he skyrocketed. The main stock indices like the S&P 500 also jumped, but Bitcoin and the gains in the wider cryptography market were particularly high. Investors have seen a White House under Trump, who described himself as a “pro-Crypto” president, as a potential boon for industry.
Once Trump took office in January, Bitcoin quickly marked peaks of all time above $ 100,000 in February while the 47th president unveiled decrees designed to help the cryptography industry. However, the cryptocurrency quickly followed the larger financial markets and has decreased price. In April, shortly after Trump unveiled a series of historically serious prices, Bitcoin dropped nearly $ 75,000, his lowest note in 2025.
Recently, Bitcoin, which generally follows technological actions and the NASDAQ in charge of technology, has rallied. In May, he won his top of all time while Wall Street investors stood up in the cryptocurrency through American negotiated funds or FNB. In June, it is less than an end of geopolitical instability in the Middle East.
