Bitcoin (BTC), the world’s biggest cryptocurrency, fell below $100,000 on Sunday for the first time in over a month, after the US carried out airstrikes on Iran. This drop happened as tensions in the Middle East worsened.
Bitcoin’s price went down by about 4%, landing around $99,300. Ethereum (ETH) fell even further, losing nearly 10% of its value. Overall, the entire crypto market shrank by around 7% in just one day.
The market crash came shortly after the US targeted three major nuclear sites in Iran. The situation escalated following a United Nations report accusing Iran of violating international rules by working on a military nuclear program.
A Break in a “Year of Growth”
Bitcoin’s recent dip below the key $100,000 mark follows a year of gains. After Trump took office in January, Bitcoin hit record highs above $100,000 in February, boosted by new government policies supporting the crypto industry.
Despite some ups and downs, Bitcoin saw a strong rebound in May when major Wall Street investors returned to the market through U.S.-listed crypto ETFs.
By late Sunday, signs of recovery had begun. Bitcoin climbed back up to around $101,300, down just 1% from the day before. Ethereum (ETH) also regained some ground, trading at about $2,200.
While the crypto market remains sensitive to global events, the quick rebound shows strong investor confidence in Bitcoin. However, ongoing geopolitical risks mean prices may stay volatile in the coming weeks.
