- Trump’s Iran airstrike announcement sent Bitcoin plunging below $100K, hitting a low of $99,822.
- Over $636 million in crypto liquidations hit the market; 166,000 traders were directly impacted.
- Solana plunged over 5% to $121, while Ethereum dropped to $2,201 amid rising war tensions.
President Trump’s announcement of a national address at 10 PM ET on June 22, 2025, concerning a military operation in Iran has shaken financial markets. As reported by StockMKTNewz, geopolitical tensions like this often fuel volatility across traditional assets and cryptocurrencies, prompting traders to brace for potential price swings in Bitcoin and Ethereum.
Bitcoin, Ethereum, Solana, XRP Suffer Steep Losses
Bitcoin plunged below $100,000 for the first time in over a month, hitting $99,822 on Saturday. The drop followed Trump’s confirmation of successful bombings at Iran’s Fordow, Natanz, and Esfahan nuclear sites. Traders responded quickly, selling off risk assets and fearing a broader escalation in the Middle East conflict.
The crypto market’s sharp downturn began once Trump posted on Truth Social, celebrating the airstrikes and praising U.S. military forces. The announcement aligned with growing speculation of U.S. involvement in Israel’s ongoing strikes on Iran. This confirmation triggered immediate fear-driven reactions among traders, leading to aggressive liquidations.
Ethereum dropped to $2,201, XRP fell 3.1% to $1.80, and Solana took the biggest hit, crashing over 5% to $121. These losses erased gains from earlier in the week, confirming crypto’s sensitivity to geopolitical tensions. Market watchers warn of further drops if the situation intensifies.
Read Also: Ethereum Eyes Breakout but Faces Mounting Bearish Pressure Amid Market Volatility
Trump’s Iran Remarks Shake Crypto Sentiment
Shortly after Trump’s announcement, Israel claimed to have killed Iranian Quds Force commander Saeed Izadi in a targeted airstrike. Defense Minister Israel Katz hailed the killing as a major success. Izadi had been under U.S. and British sanctions for supplying Hamas with weapons and funding.
CoinGlass saw $676 million in total liquidations in a period of 24 hours, and this was due to the panic selling and the wipeout of long positions. Of the total, long trades contributed $568 million, whereas short trades brought in $68 million. The figure rose to 166,000 users, highlighting the fragility of sentiment in uncertain times.
Safe-haven assets such as gold and the U.S. dollar surged as investors sought stability. Such a “flight to safety” pattern was similar to what happened before in past geopolitical crises. Trump’s calling Iran an “easy target” also served to worsen the sentiment about digital assets, strengthening the already existing fear of an extended regional conflict.