US Strikes on Iran Nuclear Sites Trigger Bitcoin Drop
Late Friday, the US conducted precision airstrikes on Iran’s main nuclear facilities at Fordow, Natanz and Esfahan, marking a significant escalation in regional tensions. President Trump stated the operation aimed to dismantle Iran’s enrichment capabilities and warned of harsher retaliation if Iran strikes back.
The 24/7 cryptocurrency market reacted sharply: Bitcoin plunged from $102,654 to $100,837, and Ethereum slid toward $2,216. Over $655 million in crypto positions—predominantly ETH—were liquidated, while many altcoins saw losses of up to 6%. Coinglass’s Fear & Greed Index dropped back into the 40 (“Fear”) zone.
Heightened geopolitical risk is driving cryptocurrency volatility and pressuring key support levels. Traders should monitor further developments, as any intensification of the US–Iran conflict could spur additional sell-offs in Bitcoin and altcoins.
Bearish
The news of US precision strikes on Iran’s nuclear sites significantly raises geopolitical risk, a known driver of cryptocurrency market instability. In the short term, Bitcoin’s sharp fall from $102,654 to $100,837 and mass liquidations—especially in ETH—highlight immediate bearish sentiment and increased volatility. Coinglass’s Fear & Greed Index returning to “Fear” underscores traders’ risk aversion. Over the longer term, sustained regional tensions threaten continued sell-offs if Iran retaliates or if oil-flow disruptions escalate. While any de-escalation could stabilize markets, current indicators point to ongoing downside pressure on Bitcoin and altcoins.