24.06.2025 03:50

Geopolitical tensions sparked significant volatility in the cryptocurrency market on Monday. Reports suggesting Iran might retaliate against the United States for weekend airstrikes on Iranian nuclear facilities sent shockwaves through the digital asset landscape. This led to a sharp downturn, with Bitcoin briefly dipping below the $100,000 mark.

Other prominent cryptocurrencies also experienced substantial losses, mirroring Bitcoin's decline. Ethereum's Ether fell beneath $2,200, while XRP dropped below $2 before partially recovering. Although the CoinDesk 20 index experienced a 3% drop during the morning US trading session, it still showed a slight positive change over the preceding 24 hours, highlighting the market's inherent dynamism.

Bitcoin's price, having touched a low of approximately $98,500 on Sunday, rebounded slightly to trade modestly above $100,000 by the time of this writing. News sources, citing the Trump administration, reported preparations for a potential Iranian attack on US bases in the Gulf region. These potential targets included bases located in Qatar, the United Arab Emirates, and Kuwait. The President was expected to convene with his national security advisors to assess and address this escalating threat.

According to Kirill Kretov, a senior automation expert at CoinPanel, the recent Bitcoin price drop stemmed from a combination of heightened geopolitical risks and broader economic uncertainties. He attributed the fall in global risk appetite to the escalating conflict in the Middle East, emphasizing its significant influence on cryptocurrency markets. This analysis, drawn from internet sources, underscores the interconnectedness of global events and the digital currency realm.