The cryptocurrency market experienced significant fluctuations following US strikes on Iran. Bitcoin, which fell below $100,000 for the first time since May, is now showing signs of recovery.
Operation 'Midnight Hammer'
President Donald Trump confirmed that B-2 bombers successfully struck three key nuclear facilities in Iran. The strikes, carried out on June 21, 2025, took markets and Tehran by surprise. Iran's initial response included missile attacks on Tel Aviv and Haifa, raising concerns of escalating conflict.
> 'Strikes on Iran's nuclear facilities are a bold step that should prevent further threats,' Trump stated.
Mass Liquidations in the Crypto Market
Following news of the military actions, BTC dropped nearly 4%, hitting a low of $98,900. Data analysis revealed that over $1 billion in cryptocurrency positions were liquidated within 24 hours, including $901 million in long positions and $124 million in shorts. Liquidations surged more than 600% in just one day, reflecting intense market volatility.
Escalation Risks
Despite the recovery, analysts warn of potential new escalations. Iran is targeting crucial oil transit routes like the Strait of Hormuz, which could lead to declines in cryptocurrency prices. This strait is critical for global oil supplies, and any disruptions could cause shockwaves in energy markets and a broader flight from risk assets, including crypto.
The crypto market remains sensitive to global conflicts. Market participants are closely watching Iran’s moves and potential impacts on financial stability, highlighting cryptocurrencies' role as a barometer of global investment sentiment.
