Crypto Market Under Pressure: Trump's Iran Attacks Cause Bitcoin to Drop!

Crypto Market Under Pressure: Trump's Iran Attacks Cause Bitcoin to Drop!

The crypto market is under significant pressure after the US launched military attacks on Iran. President Donald Trump called these attacks on three Iranian nuclear development sites “very successful.” The president's rhetoric hinting at support for regime change in Iran has sparked nervousness around the world and led to a decline in markets. Loud The shareholder Over $1 billion worth of crypto positions were liquidated within 24 hours of the attacks, with a focus on long positions.

The Bitcoin price fell below the $100,000 mark for the first time in 45 days on Sunday and is currently trading at around $102,000. This represents a decline of 1.33% compared to the previous days, when the price was still above $105,000. The total market capitalization of all cryptocurrencies fell by 1.72%. AI tokens and meme coins are particularly affected, some of which suffered double-digit daily losses.

Market reaction to military escalation

The military escalation between Israel and Iran is increasing uncertainty on the financial markets. Israel carries out airstrikes on Iran's nuclear infrastructure, while Iran responds with retaliatory strikes. This situation is leading to civilian casualties on both sides while Israel also seeks regime change in Iran. A possible US military intervention, which is being discussed to destroy Iran's nuclear program, could result in further losses in the value of the crypto market, such as Crypto scene reported.

Making matters worse, US spot Bitcoin ETFs have seen a nine-day streak of net inflows, but are threatened by weak inflows and price decline. High volatility is expected for the coming trading days, especially on Monday. According to market analysis, top altcoins such as Ethereum (ETH), XRP and Solana (SOL) are also recording losses of 2% to 3%. The AI ​​coin sector has lost over 5% since yesterday, with the coin VIRTUAL recording a decline of more than 7%.

Investor behavior and potential developments

The uncertainty in the market leads to investors minimizing risk. However, some investors remain committed to Bitcoin's long-term potential and see possible entry opportunities in altcoins despite the current situation. Before the escalation, Bitcoin was on track to a new all-time high above $112,000. Given this situation, a recovery rally for Bitcoin and other altcoins could be possible if the situation eases, while geopolitical developments should be closely monitored.

In summary, it can be seen that the current geopolitical tensions are having a significant impact on the crypto market. The coming days could be crucial to regain investor confidence and stabilize markets.