{"id":5428,"date":"2025-06-23T05:00:24","date_gmt":"2025-06-23T05:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-crashed-below-100000-amid-us-airstrikes-on-iran-and-market-sell-off\/"},"modified":"2025-06-23T05:00:24","modified_gmt":"2025-06-23T05:00:24","slug":"bitcoin-crashed-below-100000-amid-us-airstrikes-on-iran-and-market-sell-off","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-crashed-below-100000-amid-us-airstrikes-on-iran-and-market-sell-off\/","title":{"rendered":"Bitcoin Crashed Below $100,000 Amid US Airstrikes On Iran And Market Sell-Off"},"content":{"rendered":"

The market\u2019s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate.\u00a0<\/p>\n

This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with Ethereum (ETH) experiencing an even sharper decline of nearly 10%. Overall, the total cryptocurrency market took a significant hit, falling about 7% in just 24 hours.<\/p>\n

Geopolitical Unrest And Tariff Troubles<\/h2>\n

The timing of this downturn was particularly notable, occurring just hours after the US targeted <\/a>three key nuclear sites in Iran. Tensions had escalated following a United Nations report that indicated Iran was not adhering to international prohibitions against developing a military nuclear program.\u00a0<\/p>\n

In response to these revelations, Israel conducted strikes against Iran, leading to further retaliation from the Islamic Republic. On Saturday, President Donald Trump declared on social media:<\/p>\n

\n

This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR. THANK YOU!<\/p>\n<\/blockquote>\n

This recent plummet below the psychologically significant $100,000 threshold follows a year of substantial gains for Bitcoin. After Trump took office in January, Bitcoin reached all-time highs above $100,000 in February, buoyed by executive orders aimed at supporting the cryptocurrency sector.\u00a0<\/p>\n

However, the cryptocurrency’s price soon mirrored the broader declines in financial markets, particularly after Trump announced severe tariffs in April, which saw Bitcoin fall to nearly $75,000, its lowest point in 2025.<\/p>\n

Despite this volatility, Bitcoin had seen a resurgence, particularly in May when it reached new highs as Wall Street investors returned to the cryptocurrency through US exchange-traded funds (ETFs).\u00a0<\/p>\n

However, by late Sunday, there were signs of recovery, with Bitcoin trading approximately at $101,300, down only 1% over the previous day, while ETH managed to pare its losses to around $2,200.<\/p>\n

\"Bitcoin\"<\/p>\n

Forced Liquidations Exacerbate Bitcoin Sell-Off<\/h2>\n

According <\/a>to CNBC, Iran has also threatened to block the Strait of Hormuz, a crucial shipping route responsible for approximately 20% of the global oil supply, further adding to the broader financial uncertainty.\u00a0<\/p>\n

JPMorgan warned that such a blockade could drive oil prices up to $130 per barrel, which would have significant implications for US inflation, potentially pushing it back toward 5%\u2014a level not seen since March 2023.\u00a0<\/p>\n

While Bitcoin has often been promoted as an inflation hedge, its recent behavior aligns more closely with that of high-beta tech stocks. Data from crypto provider Kaiko indicates that Bitcoin\u2019s correlation with the tech-heavy Nasdaq has increased sharply in recent weeks, particularly following the surge in inflows into Bitcoin ETFs.<\/p>\n

Institutional investment patterns have also shifted. More than $1.04 billion flowed into spot Bitcoin ETFs from Monday to Wednesday last week, but this momentum dissipated as the weekend approached, with minimal net movement on Thursday and only $6.4 million on Friday.\u00a0<\/p>\n

The technical aspects of the market further exacerbated the sell-off. Research from CoinGlass revealed that Bitcoin\u2019s drop below $99,000 triggered forced liquidations across offshore derivatives platforms, including Binance and Bybit.\u00a0<\/p>\n

During this period, over $1 billion in crypto positions were liquidated within 24 hours, with more than 95% of these coming from long positions, highlighting the market’s overexposure.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The market\u2019s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate.\u00a0 This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with…<\/p>\n","protected":false},"author":1,"featured_media":5429,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,28,29,32,33,34,36,51,250,53,254,69,71],"class_list":["post-5428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusdt","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-eth","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5428"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5429"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}