Cryptocurrency markets have sharply declined amid escalating global tensions and the US-Iran conflict.
Bitcoin dropped below the $100,000 mark on Sunday morning, reaching $99,843, its lowest level since early May. Other major cryptocurrencies, including XRP and Dogecoin, hit their lowest prices in two months.
The decline follows US military action against Iranian nuclear facilities, announced by President Donald Trump on Saturday night under the operation name ‘Midnight Hammer’.
Ethereum also fell significantly, dropping over 10% to $2,171. Altcoins such as Solana and Dogecoin experienced similar declines. According to CoinGlass, nearly $949 million worth of crypto positions were liquidated in the past 24 hours, led by Ethereum with $369 million and Bitcoin with $242 million in liquidations.
The geopolitical turmoil has increased uncertainty across financial markets, including cryptocurrencies. Users on the prediction platform Myriad have grown bearish on Bitcoin, estimating a nearly 65% chance that its price will fall below $95,000 soon.
This situation highlights the volatility and sensitivity of cryptocurrencies to global events. Market responses in the coming days will depend on how the geopolitical tensions evolve.