A wave of shock hit the cryptocurrency market and Bitcoin price Saturday evening following news of a successful U.S. strike on Iranian nuclear sites, disclosed by President Trump.
As we published on Friday, journalist Seymour Hersh said Trump would bomb on the weekend to avoid a stock market crash. However, that can’t spare crypto, which is a 24/7 market.
BTC ▼-1.67%, often reactive to geopolitical shockwaves, tumbled to $100,945 before clawing its way back to $102,350 by the night’s close. Meanwhile, the entire crypto market lost $40 billion in three volatile hours, underscoring its vulnerability to global flashpoints.
Timeline of Events and the Bitcoin Price Reaction
Trump took to Truth Social at 7:50 p.m., declaring, “We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan.… Congratulations to our great American Warriors.”
The post immediately circulated across social media, coinciding with Bitcoin’s swift drop.
By 7:53 p.m. EST, the Bitcoin price had fallen to $100,945, reacting sharply to news of U.S. airstrikes on Iran’s critical nuclear infrastructure.
The fear was brief, showcasing how strong Bitcoin is as a safe haven. By 9 p.m. EST, BTC had rebounded to $102,350, despite a day thick with tension as stealth jets were reportedly airborne and the President cautioned that further strikes weren’t off the table.
Geopolitical Risks and Potential Fallout: Is This WW3?
Rumors are now swirling that U.S. airstrikes in Iran were a calculated display of power designed to minimize casualties. Conversely, conflicting reports say that Iran is committed to retaliation against U.S. military bases and Israel itself.
The unspoken option is that Iran could launch attacks within the United States. That anxiety hit crypto markets like a brick, wiping out $40 billion in value.
Ethereum, Solana, and other major altcoins crashed harder than Bitcoin, with $ETH down 6.7%. Despite the chaos, Trump called the strikes on Fordow, Natanz, and Esfahan a resounding success, while experts say the risk of escalation is growing every hour.
This came after two weeks of failed diplomacy in Iran, and many question if the U.S. took peace talks seriously at all.
A Cautious Path Forward For The Bitcoin Price
Trump spoke at 10:00 EST, but sidestepped any promise that the airstrikes were over. The ambiguity left markets twitchy and investors running blind into the next news cycle.
With tensions still high, there’s a growing sense that this could pull in bigger players—Russia, China, maybe more—and open a chapter nobody’s ready to write.
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Key Takeaways
- A wave of shock hit the cryptocurrency market and Bitcoin price Saturday evening following news of a successful U.S. strike on Iranian nuclear sites
- The prospect of broader conflict still looms.
The post Bitcoin Price Dips Below $101K After U.S. Airstrike in Iran appeared first on 99Bitcoins.
