The crypto market mirrored vital losses as the US formally entered the Iran-Israel battle late Saturday night time. In line with President Trump, the US has bombed notable nuclear websites in Iran, signaling its first lively strike on this geopolitical battle.
The crypto market reacted with notable liquidations throughout the altcoin sector. Ethereum dropped over 5% following the information, buying and selling under $2,300 for the primary time in a month.
Additionally, Cardano is nearing a 3-month low following the information – down 6% at present. AI agent cash suffered the most important blow, as VIRTUAL and FET dipped practically 10%.
Whereas Bitcoin nonetheless holds above $102,500, indicators counsel it may doubtlessly fall under the $100,000 psychological degree if additional escalations are reported over the weekend.
Beforehand, BeInCrypto analysts projected that Bitcoin price could drop 10% if the US entered the Iran-Israel war.
As of now, the market shall be cautiously taking a look at Iran’s response. President Trump has acknowledged that any response from Iran would end in additional US actions.
Total, crypto liquidations exceeded $670 million at present, and additional escalation may very nicely sign a short-term bearish cycle.
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