BTC Price Falls Under $101K Following U.S. Airstrike in Iran
A jolt of disbelief struck the digital currency market and the price of Bitcoin on Saturday evening following reports of a successful U.S. military operation targeting Iranian nuclear facilities, as stated by President Trump.
As we noted on Friday, journalist Seymour Hersh suggested Trump would conduct bombings over the weekend to prevent a stock market downturn. However, this did little to protect crypto, which operates continuously around the clock.
BTC ▼-1.16%, which often reacts to geopolitical disturbances, plummeted to $100,945 before regaining some ground to close the night at $102,350. In the meantime, the overall trading market experienced a loss of $40 billion within three turbulent hours, highlighting its sensitivity to global events.
Sequence of Events and Bitcoin’s Price Movement
Trump posted on Truth Social at 7:50 p.m., stating, “Our very successful strike against the three Nuclear facilities in Iran—Fordow, Natanz, and Esfahan—has been completed. Kudos to our remarkable American Warriors.”
This message quickly spread across social platforms, correlating with an immediate downturn in Bitcoin’s value.
By 7:53 p.m. EST, Bitcoin’s value had dropped to $100,945, swiftly responding to the update of airstrikes on Iran’s significant nuclear assets.
The momentary fear illustrated Bitcoin’s resilience as a safe haven. By 9 p.m. EST, Bitcoin had recovered to $102,350, despite a day filled with tension as stealth aircraft were allegedly deployed and the President warned that additional strikes could occur.
Geopolitical Threats and Possible Consequences: Are We Facing WW3?
Speculation is rife that U.S. airstrikes in Iran represent a tactical show of force aimed at controlling casualties. On the other hand, contradictory reports suggest that Iran is determined to strike back against U.S. military installations and Israel itself.
The potential, though unvoiced, is that Iran might initiate attacks within the United States. This fear reverberated through crypto markets, erasing $40 billion in value.
ETH, Solana, and several other key altcoins experienced even steeper declines than BTC, with $ETH down 6.7%. Amidst the turmoil, Trump labeled the strikes on Fordow, Natanz, and Esfahan as a great success, while analysts warn that the risk of escalation continues to rise with each passing hour.
This follows two weeks of unsuccessful negotiations in Iran, raising doubts about whether the U.S. engaged in peace discussions in good faith.
A Cautious Path Ahead for Bitcoin’s Price
Trump addressed the nation at 10:00 EST but refrained from indicating that the airstrikes had concluded. The uncertainty left markets on edge and investors bracing for the next round of update.
With tensions still running high, there’s a growing apprehension that this might involve larger powers—Russia, China, and possibly others—leading to a narrative that no one is prepared to face.
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Key Takeaways
- A jolt of disbelief struck the digital currency market and Bitcoin price on Saturday evening following reports of a successful U.S. military operation targeting Iranian nuclear facilities
- The possibility of an expanded conflict remains.
The post BTC Price Dips Below $101K After U.S. Airstrike in Iran appeared first on 99Bitcoins.
