Bitcoin (BTC) plummets below $100,000, geopolitical tensions fuel market concerns

Jakarta, Pintu News – Bitcoin (BTC), the market-leading cryptocurrency, experienced a sharp drop below $100,000 for the first time in over a month on Sunday. This drop came on the heels of US airstrikes on Iran and an escalation of conflict in the Middle East, which sparked panic across financial markets.

Geopolitical Tensions and Their Impact on the Market

The drop in Bitcoin (BTC) value came hours after the US targeted three key nuclear sites in Iran. A report from the United Nations indicating that Iran is not complying with an international ban on developing a military nuclear program has heightened tensions. Israel then carried out retaliatory strikes against Iran, which triggered even more retaliation from the Islamic Republic.

On Saturday, President Donald Trump announced via social media that the situation was escalating. The ensuing attacks and retaliation added to uncertainty in global financial markets, significantly affecting cryptocurrency investments and exchange rates.

Also Read: Robert Kiyosaki Suggests Buying Bitcoin Before the Global Monetary Collapse

Forced Liquidation Worsens Bitcoin (BTC) Sales

According to a report from CNBC, Iran has also threatened to block the Strait of Hormuz, a crucial shipping lane responsible for around 20% of global oil supplies. This threat adds to broader financial uncertainty. JPMorgan warned that the blockade could push oil prices up to $130 per barrel, which would have significant implications for US inflation, potentially pushing it back to the 5% level – a level not seen since March 2023.

While Bitcoin (BTC) is often promoted as a hedge against inflation, its recent behavior more closely resembles that of high-risk tech stocks. Data from crypto provider Kaiko shows that Bitcoin (BTC)’s correlation with the tech-heavy Nasdaq has risen sharply in recent weeks, especially after a surge in entries into Bitcoin (BTC) ETFs.

Other crypto markets also take a hit

Ethereum (ETH) saw an even sharper drop, almost 10%, while the overall crypto market fell by around 7% in 24 hours. These declines show how sensitive crypto markets are to changes in the global geopolitical and economic arenas.

Investors and analysts are now paying close attention to further developments in the Middle East, as well as the response from global financial markets. This instability will probably continue to affect the price of Bitcoin (BTC) and other cryptocurrencies in the near future.

Conclusion: Geopolitical Uncertainty as a Market Driver

Heightened tensions in the Middle East and market uncertainty have played a large role in Bitcoin’s (BTC) recent price decline. While often thought of as a hedge against inflation, Bitcoin (BTC) and other cryptocurrencies now appear more tied to the sentiment of the tech stock market.

Investors may need to adjust their strategies in the face of heightened volatility and continued geopolitical uncertainty. Monitoring further developments will be key to understanding the future direction of the crypto market.

Also Read: Important Warning from Binance CZ: Beware of Hacker Attacks!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Crashed Below $10,000 Amid US Airstrikes on Iran and Market Sell-Off. Accessed on June 24, 2025
• Featured Image: Generated by AI