- US airstrikes on Iranian nuclear sites spark a sharp sell-off in global crypto markets.
- Bitcoin briefly dips below $103K; altcoins like ETH and ADA suffer 5-10% losses.
- Over $670 million in crypto liquidations were recorded as market volatility surged.
The cryptocurrency market faced steep losses this weekend after the United States officially entered the growing Iran-Israel conflict. Late Saturday night, President Trump confirmed that the US military launched targeted airstrikes against multiple Iranian nuclear facilities, marking Washington’s first direct military involvement in the escalating geopolitical crisis.
In a late-night press briefing, President Trump stated that US forces struck three key nuclear sites in Iran: Fordow, Natanz, and Esfahan. These strikes, aimed at crippling Iran’s nuclear capabilities, immediately sent shockwaves across global financial markets, with crypto assets among the hardest hit.
The move represents a significant escalation in the conflict, which had previously been largely confined to proxy battles and political posturing.
The digital asset market, known for its sensitivity to global instability, responded with heavy liquidations and sharp price declines across major altcoins. Ethereum (ETH), one of the largest cryptocurrencies by market cap, fell more than 5% shortly after the strikes were announced.
ETH briefly dropped below the $2,300 mark for the first time in over a month, reflecting heightened investor anxiety. Cardano (ADA) also suffered under pressure, falling 6% on the day and nearing its lowest price point in the past three months.
However, the most severe losses were seen in the AI-related cryptocurrency sector. Tokens such as VIRTUAL and Fetch.ai (FET) plunged nearly 10%, as speculative sectors often face sharper sell-offs during periods of heightened uncertainty.
Source: Coinglass
Crypto Braces for Volatility as Bitcoin Dips Below $103K
Bitcoin (BTC), while demonstrating relative resilience compared to altcoins, was not immune to the broader market turbulence. The flagship cryptocurrency briefly slipped to $102,500 but managed to rebound above $103,000 as some traders stepped in to buy the dip. Still, analysts caution that if the conflict intensifies further, BTC could test and potentially break the key $100,000 psychological support level.
At the time of writing, Bitcoin is trading at $ 102,834 with a 24-hour trading volume of $ 53.89B and a market cap of $ 2.04T. BTC price decreased -0.65% in the last 24 hours.
Source: CoinMarketCap
Bitcoin’s current price action reflects a fragile balance between cautious optimism and overwhelming fear, and the next 24-48 hours will be critical depending on Iran’s response.
Crypto Liquidations Hit $670M as Tensions Rise
The sudden market downturn triggered widespread liquidations, with total crypto derivatives liquidations surpassing $670 million over the past 24 hours. Such rapid unwinding of leveraged positions often exacerbates price declines, especially in volatile altcoin markets.
Looking ahead, market sentiment remains precarious as investors await potential retaliation from Tehran. President Trump has issued a stern warning, stating that any response from Iran will be met with further US military actions. This looming threat of escalation continues to cast a bearish cloud over the crypto market heading into the new trading week.
With geopolitical risks now front and center, traders are bracing for heightened volatility across crypto markets. While some see these price dips as temporary and potentially attractive buying opportunities, others warn that continued military conflict could trigger deeper corrections if global risk appetite deteriorates further.
For now, the crypto market finds itself once again caught in the crosshairs of global politics, a stark reminder of how interconnected digital assets have become with broader geopolitical and macroeconomic forces.
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