Cryptocurrencies experienced significant fluctuations during U.S. midday on Monday, as Bitcoin briefly dipped below $100,000 in response to reports indicating that Iran might be planning an attack on U.S. bases in the Middle East. Other significant cryptocurrencies also faced losses, with Ethereum’s Ether falling below $2,200, while XRP retraced its value to under $2 before stabilizing. The CoinDesk 20 Index, which suffered a 3% decline during the morning session, remained slightly positive over the last 24 hours.
As of the latest updates, Bitcoin’s price has just surpassed the $100,000 threshold again, following a low for the day of about $98,500.
Axios revealed that the Trump administration is prepared for potential Iranian attacks on U.S. military bases in the Gulf in response to U.S. airstrikes on three Iranian nuclear sites over the weekend, which targeted bases in Qatar, the United Arab Emirates, and Kuwait. Discussions within the national security team regarding the threat are anticipated imminently.
“Bitcoin’s recent fall is being driven by a potent mix of geopolitical tension and macro uncertainty,” stated Kirill Kretov, a Senior Automation Expert at CoinPanel. “As conflict in the Middle East escalates, global risk appetite has sharply declined.”
Bitcoin price on June 23 (CoinDesk)
