Crypto Market Suffers Major Losses as US Strikes on Iran

Altcoins Turn Red as US Strikes Iran in Major Escalation


The crypto market reflected significant losses as the US officially entered the Iran-Israel war late Saturday night. According to President Trump, the US has bombed notable nuclear sites in Iran, signaling its first active strike in this geopolitical conflict.The crypto market reacted with notable liquidations across the altcoin sector. Ethereum dropped over 5% following the news, trading below $2,300 for the first time in a month. 

Also, Cardano is nearing a 3-month low following the news – down 6% today. AI agent coins suffered the biggest blow, as VIRTUAL and FET dipped nearly 10%.

Crypto Market Liquidations After US Strikes Iran. Source: Coinglass

While Bitcoin still holds above $102,500, indicators suggest it could potentially fall below the $100,000 psychological level if further escalations are reported over the weekend.

Previously, BeInCrypto analysts projected that Bitcoin price could drop 10% if the US entered the Iran-Israel war. 

okex

As of now, the market will be cautiously looking at Iran’s response. President Trump has stated that any response from Iran would result in further US actions.

Overall, crypto liquidations exceeded $670 million today, and further escalation could very well signal a short-term bearish cycle. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Crypto-Moon
Paxful
Crypto-Moon
Altcoins Turn Red as US Strikes Iran in Major Escalation
okex
Fiverr
Ripple Co-Founder Moves $175M XRP, Draws Criticism Over Timing
Should Investors Buy Low-Cap Altcoins in Q3 2025? Analysts Weigh In
Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
Altcoin Season Expected by November End: Analyst Says ‘Buy and Hold’
No Difference Between CBDCs and Regulated Stablecoins
How to Use Google Gemini to Turn Crypto News Into Trade Signals
Blockfi
Bybit
Justin Sun-backed Tron Inc. to ring Nasdaq bell tomorrow following reverse merger
Tesla Stock Falls After Earnings Miss As Elon Musk Floats Cute Robots
BTC stagnates around $118k
Ethereum ETFs Hit 1 Year On US Market
Trump’s Crypto Working Group Set to Deliver Report—What Experts Expect To See
Justin Sun-backed Tron Inc. to ring Nasdaq bell tomorrow following reverse merger
Tesla Stock Falls After Earnings Miss As Elon Musk Floats Cute Robots
BTC stagnates around $118k
Ethereum ETFs Hit 1 Year On US Market