The cryptocurrency market experienced a jolt following President Trump's confirmation of United States military strikes on nuclear facilities in Iran. Bitcoin's price dipped, sparking concerns about a potential further decline below the $100,000 mark.
On June 22, 2025, President Trump announced via Truth Social that the U.S. military had conducted successful airstrikes targeting three nuclear sites within Iran: Fordow, Natanz, and Esfahan. He stated that all aircraft involved were safely out of Iranian airspace and that a full payload of bombs had been deployed on the primary site, Fordow. This announcement injected immediate uncertainty into the cryptocurrency market.
Bitcoin, often seen as a risk-on asset, reacted swiftly to the news. The price momentarily fell below $101,000, reaching approximately $100,945 before recovering slightly to around $102,350. This fluctuation highlights the sensitivity of the cryptocurrency market to geopolitical events. The strikes introduced fresh complexity into an already unsteady period for digital assets, with roughly $40 billion wiped from the crypto market within a three-hour window, between 5 p.m. and 8 p.m. Eastern Time on Saturday.
Market analysts are closely observing Bitcoin's price movements, with some suggesting that a further drop is possible. Trader Cas Abbe posited the possibility of a decline toward the $93,000-$94,000 range before a potential bottom formation and reversal. Abbe estimated a lower probability (20%-25%) of the price reaching the low $90,000s. Another trader, Crypto Tony, indicated being long over $93,500, while emphasizing the importance of the $104,500 level holding for bulls to maintain control.
Despite the initial negative reaction, some traders remain optimistic, pointing to historical instances where war-related headlines have ultimately acted as a springboard for Bitcoin's price. They suggest that the current geopolitical uncertainty could eventually benefit Bitcoin.
The broader market context includes observations of Bitcoin trading near $104,700 prior to the strike, stabilizing around the 50-day Exponential Moving Average (EMA) of $103,100. A breach below this EMA could signal a sharper decline. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators also suggest a bearish momentum gaining traction.
Institutional demand for Bitcoin, as evidenced by recent positive inflows into U.S. spot Bitcoin ETFs, may provide a buffer against further price declines. However, escalating tensions and potential retaliatory actions from Iran could exacerbate market volatility.
The recent events underscore the interconnectedness of the cryptocurrency market and global geopolitical dynamics. Investors are advised to exercise caution and monitor developments closely as the situation unfolds.
