22.06.2025 14:42

Following recent U.S. military action targeting Iranian nuclear sites, the cryptocurrency market has experienced a dramatic downturn. This significant geopolitical event has injected considerable uncertainty into the market, leading to widespread selling pressure.

Bitcoin, the dominant cryptocurrency, has fallen below the key psychological level of $100,000, trading at approximately $99,843 according to CoinGecko. This represents a substantial drop from recent highs and marks its lowest price since early May. Similarly, Ethereum has suffered a steeper decline, plummeting over 10% to around $2,171—also its lowest point since May.

The impact extends beyond Bitcoin and Ethereum. A broad sell-off has engulfed the wider cryptocurrency market, with altcoins like Solana, XRP, and Dogecoin also experiencing significant losses and hitting multi-month lows. This widespread decline indicates a general loss of investor confidence fueled by escalating geopolitical tensions.

The sharp price drops reflect heightened market volatility and a prevailing bearish sentiment among traders. Sources suggest that the intensified geopolitical uncertainty, stemming from the U.S. operation, is primarily responsible for this significant market correction across numerous digital assets. Analysts are closely monitoring the situation to assess the potential for further price declines.