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| Iran Strike |
BTC loses $40B in hours as geopolitical tensions hit crypto market hard
Trump’s Iran Airstrike Triggers Bitcoin Price Crash
Bitcoin dipped below $100K just minutes after former U.S. President Donald Trump announced a military strike on Iran’s nuclear sites.
On June 21 at 7:50 PM EST, Trump posted on Truth Social that U.S. forces had bombed Iran’s Fordow, Natanz, and Esfahan nuclear facilities. He emphasized that all aircraft had safely exited Iranian airspace.
Within three minutes, Bitcoin fell to $100,945. The market saw nearly $40 billion in losses, making this one of the sharpest geopolitical-triggered drops in recent memory. Panic spread quickly, but by 8:00 PM, Bitcoin rebounded to $103,000 as bargain hunters stepped in.
BTC’s Safe-Haven Narrative Faces Scrutiny
Bitcoin’s role as a digital safe-haven came under question. In contrast to gold, BTC reacted negatively to rising geopolitical risks.
This event signals that, despite adoption growth, crypto assets still behave like risk-on assets in extreme situations. Investors reacted emotionally, not defensively, casting doubt on Bitcoin’s ability to retain value during global shocks.
Volatility Expected to Persist as Tensions Rise
Crypto experts warn that continued U.S.–Iran tension could trigger further BTC volatility.
If diplomatic de-escalation fails, the market may face extended uncertainty. Traders are now watching both political headlines and on-chain metrics for guidance.
Coin Market 24/7 Commentary
The Bitcoin dip below $100K shows how sensitive digital assets remain to real-world crises. As geopolitical flashpoints increase, crypto may lose its “digital gold” narrative. Long-term, institutional investors may demand more resilient, less reactive assets in Web3 portfolios.