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Bitcoin drops below $100 000 after US strikes Iran nuclear sites

  • Bitcoin dropped below $100,000 for the first time since May and Ether also fell sharply after US bombers attacked Iran's nuclear sites, prompting risk aversion in digital-asset markets.
  • Bitcoin fell by 3.8% to $98,904, while Ether dropped up to 10% to about $2,157, its lowest level since May 8.
  • Geopolitical tensions are causing concern in the markets, with focus shifting to oil prices when traditional markets reopen.
  • President Trump's announcement about the US strikes on Iran's nuclear sites led to market uncertainty and a selloff, affecting cryptocurrency investments.
  • Over $1 billion in liquidation of crypto bets occurred over the last 24 hours, with significant closures in long and short positions.
  • Bitcoin is seen as a potential indicator for market recovery during times of geopolitical unrest.

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