The U.S. launched precision airstrikes on three Iranian-linked sites, prompting an immediate reaction in the cryptocurrency market, with major declines seen among key assets.
U.S. Military Actions
In a surprising move, the United States conducted precision airstrikes against three sites linked to Iran early on Sunday morning. The targeted areas were reportedly evacuated of nuclear supplies beforehand, raising strategic impact questions but escalating geopolitical tensions nonetheless.
Cryptocurrency Decline
As fears of another major war in the Middle East escalated, investors began dumping risk assets. Bitcoin ($BTC) dropped to $99,536, down 3.24% in the last 24 hours, while Ethereum ($ETH) fell harder by 9.26% to $2,185. Current performance of major cryptocurrencies includes:
| Token | Current Price | 24h Change | 7d Change | | --- | --- | --- | --- | | **$BTC** | $99,536.56 | -3.24% | -5.05% | | **$ETH** | $2,185.23 | -9.26% | -12.75% | | **$XRP** | $1.96 | -5.71% | -8.37% | | **$BNB** | $608.13 | -3.82% | -5.47% | | **$SOL** | $129.58 | -6.37% | -13.12% | | **$DOGE** | $0.1463 | -7.57% | -14.90% | | **$TRX** | $0.2611 | -4.92% | -4.09% |
Market Outlook
With airstrikes likely to provoke further political and military responses from Iran and potentially draw in other powers, global market sentiment has soured rapidly. Investors are bracing for a 'Red Monday' when U.S. and European stock markets reopen.
"Traders are pricing in escalation," said one analyst. "If Iran retaliates or oil prices spike, we could see a brutal week across equities and crypto."
The cryptocurrency market's reaction to U.S. strikes emphasizes that Bitcoin and altcoins are still regarded as high-risk assets, leading to uncertainty for upcoming trading sessions.
