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Trump’s Iran Strike Triggers Bitcoin Crash Below $100K

  • President Trump's announcement of a military operation in Iran led to Bitcoin dropping below $100K to $99,822, with over $636 million in crypto liquidations affecting 166,000 traders.
  • Geopolitical tensions often fuel volatility in traditional assets and cryptocurrencies like Bitcoin and Ethereum.
  • Solana dropped over 5% to $121, and Ethereum fell to $2,201 amid escalating war tensions.
  • Trump's confirmation of successful airstrikes in Iran triggered fear-driven reactions among traders, causing sharp losses in Bitcoin, Ethereum, Solana, and XRP.
  • The crypto market downturn commenced when Trump celebrated the airstrikes on Truth Social, aligning with U.S. military involvement suspicions in Israel's attacks on Iran.
  • Crypto sensitivity to geopolitical tensions was evident as Ethereum dropped to $2,201, XRP fell 3.1% to $1.80, and Solana crashed over 5% to $121.
  • Israel claimed to have killed Quds Force commander Saeed Izadi in an airstrike, adding to market uncertainties.
  • CoinGlass recorded $676 million in liquidations within 24 hours, with heightened panic selling and long positions being wiped out.
  • Safe-haven assets like gold and the U.S. dollar surged as investors sought stability during the market turmoil.
  • Trump's remarks and Israel's actions exacerbated fears of an extended regional conflict, impacting sentiment about digital assets.
  • The market volatility reflects concerns over potential further drops if tensions in the Middle East intensify.
  • Traders are warned about potential price swings as geopolitical events continue to unfold.
  • Such events showcase the interconnectedness between global politics and cryptocurrency market fluctuations.
  • Investors are closely monitoring developments and reacting to news from political leaders and military actions.
  • The situation underscores the importance of staying informed about geopolitical events for cryptocurrency trading decisions.

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