22.06.2025 17:24

Geopolitical tensions triggered a significant downturn in the cryptocurrency market following reports of US airstrikes on Iranian nuclear facilities. The market reacted swiftly, with over $1 billion in liquidations impacting approximately 240,000 traders within a 24-hour period, according to data from Coinglass. This dramatic market shakeout, occurring while traditional markets were closed for the weekend, underscored the cryptocurrency market's immediate sensitivity to global events.

Bitcoin experienced a notable drop, falling as much as 4% to just above $99,300, reaching its lowest point since early May. Simultaneously, Ethereum plummeted by a significant 9%, reaching an intraday low of $2,185—its lowest level since May 9th. The decline wasn't limited to Bitcoin and Ethereum; altcoins such as XRP, Solana, and Dogecoin also suffered, hitting their lowest points in two months. The majority of these liquidations stemmed from long positions, totaling nearly $1 billion in a single day.


The sharp price movements followed President Donald Trump's late Saturday announcement of "Operation Midnight Hammer," a series of US airstrikes targeting Iranian nuclear sites. While Ethereum briefly fell more than 10% to $2,171, it showed some recovery, rising slightly to approximately $2,205.5 at the time of reporting. This volatility highlights the inherent risk associated with cryptocurrency investments and their responsiveness to unforeseen geopolitical circumstances.

Further indicating a pessimistic outlook, prediction markets, such as Myriad, revealed a growing bearish sentiment. A considerable 65% of users on this platform anticipate Bitcoin falling below $95,000 before reaching new all-time highs. This collective expectation underscores the uncertainty pervading the crypto market in the wake of the escalating international conflict and its significant impact on investor confidence. The information presented here is from internet sources.