Bitcoin Crashes Below $100,000 After US-Iran Conflict Escalates – Here’s What Happened
June 23, 2025 – Bitcoin (BTC) briefly dropped below $100,000 on Sunday, hitting its lowest price since May 2025. The sudden crash came after U.S. President Donald Trump announced airstrikes on Iranian nuclear facilities, sparking fears of a wider conflict in the Middle East.
Why Did Bitcoin Crash?
The price drop was triggered by geopolitical tensions after the U.S. and Israel launched coordinated attacks on four Iranian nuclear sites, including major facilities in Natanz, Fordow, and Isfahan.
President Trump called the strikes a “preemptive action” to stop Iran from developing nuclear weapons. In response, Iran fired missiles at Israeli positions and threatened to block the Strait of Hormuz, a critical route for global oil shipments.
This news sent shockwaves through financial markets:
✔ Bitcoin fell 4% to $99,300 – its first drop below $100,000 in six weeks.
✔ Ethereum (ETH) plunged 10% – a steeper decline than Bitcoin.
✔ The entire crypto market lost 7% in value within 24 hours.
Bitcoin’s Quick Recovery
By Monday morning, Bitcoin had rebounded to $101,904, showing that investors still have confidence in the market. Analysts say the recovery was fueled by:
✔ Short-term traders buying the dip
✔ Algorithmic trading bots reacting to price changes
✔ Hopes that the conflict won’t escalate further
However, experts warn that volatility could continue depending on how Iran responds.
How Other Cryptocurrencies Performed
✔ Ethereum (ETH) – Dropped 10% but later recovered slightly.
✔ Solana (SOL) – Also saw a sharp decline before stabilizing.
✔ Crypto Market Cap – Lost $200 billion at one point before bouncing back.
Why This Matters for Bitcoin Investors
This event shows that Bitcoin is no longer just a speculative asset – it now reacts to global news and economic instability, much like gold or stocks.
Some key takeaways:
✔ Bitcoin is still seen as a “safe haven” – Its quick recovery suggests investors still trust it during crises.
✔ Geopolitical risks can cause sudden crashes – Traders should be prepared for volatility.
✔ Market dominance remains strong – Bitcoin still controls over 52% of the entire crypto market.
What’s Next for Bitcoin?
Experts say Bitcoin’s price in the coming days will depend on:
✔ Iran’s next moves – Will they attack oil facilities or block the Strait of Hormuz?
✔ U.S. and Israel’s response – Further military action could cause another market drop.
✔ Investor sentiment – If tensions ease, Bitcoin could climb back toward $104,000-$106,000.
Final Thoughts
Bitcoin’s dip below $100,000 was a test of its resilience. While it recovered quickly, the situation remains unstable.
For now, traders should watch global news closely – the crypto market’s next move depends more on geopolitics than on technical charts.
Latest Prices (as of June 23, 2025):
✔ Bitcoin (BTC): $101,904 (+2.4% from Sunday’s low)
✔ Ethereum (ETH): $5,210 (slightly up after 10% drop)
✔ Total Crypto Market Cap: $4.1 trillion (recovering from Sunday’s losses)
