Bitcoin Price Today Reacts to U.S.–Iran Conflict
The Bitcoin price slumped to as low as $101,000 following a weekend of rising geopolitical tension that rattled global markets. The latest drop comes after the United States launched targeted strikes on Iran’s nuclear facilities, fueling fears of a broader conflict in the Middle East.
Bitcoin (BTC), the largest cryptocurrency by market cap, was down 1.3% at $101,501.8 by 08:35 AM (GMT+3) on Monday. This marks a significant decline from the weekend low of $99,000 — the first time in June that Bitcoin dropped below its previous support range of $103K–$108K.
Despite rebounding above the key $100,000 psychological level, market sentiment remains fragile. Investors are shifting away from riskier assets like cryptocurrencies and moving capital into traditional safe havens such as the U.S. dollar and gold.
How Geopolitical Tensions Impact Bitcoin Price Today and Global Risk Assets
U.S. President Donald Trump claimed responsibility for destroying three critical Iranian nuclear facilities. However, the International Atomic Energy Agency (IAEA) reported no radiation increase, and the claims have not been independently verified.
In response, Iran issued a strong condemnation and hinted at retaliatory measures, including the closure of the Strait of Hormuz, a strategic shipping route that handles nearly 20% of global oil traffic. Disruptions in this channel could cause significant economic consequences worldwide, particularly in energy and commodity markets.
Following the news, oil prices jumped sharply on Monday, reinforcing fears of energy-driven inflation and increasing expectations that the Federal Reserve will keep interest rates higher for longer. This development has placed additional downside pressure on crypto markets, which are highly sensitive to monetary policy and inflation expectations.
Crypto Market Crash: Ethereum, XRP, Altcoins, and Meme Coins Slide Further
The crypto sell-off was not limited to Bitcoin. The Ethereum price dropped 1.9% to $2,247.59, while XRP fell 2.5% to $2.03. Other major altcoins, including Cardano (ADA) and Solana (SOL), posted losses of over 1%, signaling broad-based weakness across digital assets.
Meme coins also struggled: Dogecoin (DOGE) fell 1.3%, while the Trump-themed token $TRUMP declined 1.6% to $8.706.
Analysts say the market is now looking ahead to Federal Reserve Chair Jerome Powell’s testimony before Congress on Tuesday. His comments may provide more clarity on how long the Fed plans to maintain tight monetary conditions — a key concern for both equity and crypto investors.
Bitcoin and Cryptocurrencies Remain Vulnerable to Global Events
Although Bitcoin is not directly tied to central bank policy, its speculative nature makes it particularly vulnerable to global uncertainty. When geopolitical shocks occur or macroeconomic risks rise, traders often pull back from volatile assets like crypto.
As risk appetite weakens and volatility climbs, digital currencies are likely to remain under selling pressure until there is clarity on geopolitical developments and monetary policy direction.
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