"The selloff happened just hours after the U.S. bombed three key nuclear sites in Iran on Saturday. The total crypto market has tanked about 7% over the past day."
"Bitcoin's recent plummet below the psychologically important threshold of $100,000 follows a year of gains for the cryptocurrency. After Trump won the 2024 presidential election, it soared."
Bitcoin experienced a significant decline, falling below $100,000 for the first time in over a month due in part to U.S. airstrikes on Iranian nuclear sites. Following the strikes, the total cryptocurrency market fell by about 7%, with Ether suffering an even greater loss. This decline comes on the heels of Bitcoin's previously strong performance, particularly after Trump's election. Despite initial enthusiasm for a pro-crypto administration, Bitcoin has faced volatility tied to broader financial market trends and geopolitical tensions.
Read at Fortune Crypto
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