Key Takeaways:
- Bitcoin dropped below $100,000 after U.S. airstrikes on Iranian nuclear sites reignited geopolitical tensions, triggering $595M in crypto liquidations.
- BTC briefly hit $98,000 before recovering near $102,000, with support forming around $97,000 amid broader market volatility.
- Analysts draw parallels to past geopolitical shocks where Bitcoin initially dipped but later recovered, highlighting its historical resilience.
Bitcoin slipped below the $100,000 mark over the weekend following confirmation of U.S. airstrikes on Iran’s nuclear facilities, reigniting geopolitical tensions and sparking volatility across financial markets.
Former President Donald Trump announced that the U.S. had launched “very successful” attacks targeting key sites including Natanz, Fordow, and Isfahan, warning Iran to pursue peace or face further consequences.
🚨 BREAKING
— Brian Rose, Founder & Host of London Real (@LondonRealTV) June 22, 2025
BITCOIN JUST BROKE $100,000
This is after Iranian parliament voted to close the Strait of Hormuz — choking off ~20% of the world’s oil supply.
-> Oil is spiking
-> Stock markets are sliding
-> Investors rushing to hard assets
We are entering uncharted territory. pic.twitter.com/71CtyIJNMk
The crypto market reacted quickly, with Bitcoin dropping to lows near $98,000 before stabilizing around $102,000.
The move triggered over $595 million in crypto liquidations, reflecting risk-off sentiment as traders responded to the escalating conflict.
Despite the sharp drop, analysts noted similarities to past geopolitical events where Bitcoin initially sold off but later rebounded, citing the Ukraine invasion in 2022 and U.S.-China trade tensions earlier this year.
Order book data shows support building near $97,000, which could serve as a cushion if selling resumes.
Meanwhile, oil prices spiked and broader macro concerns resurfaced, adding complexity to Bitcoin’s short-term outlook.
As investors weigh global developments, Bitcoin remains vulnerable but historically resilient during periods of geopolitical upheaval.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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