- Cryptocurrency prices fell sharply Sunday, with Bitcoin dropping below $100,000 and Ethereum plunging 10% in one day.
- U.S. military strikes on Iranian nuclear sites led to increased tensions in the Middle East and triggered heavy market reactions.
- Altcoins such as Solana, XRP, and Dogecoin also hit multi-month lows during the selloff.
- More than $949 million in leveraged crypto positions were liquidated in 24 hours, mostly from traders who bet on rising prices.
- Prediction market sentiment has turned bearish, with 65% of users expecting Bitcoin to fall below $95,000 before any rebound.
Cryptocurrency markets saw steep declines early Sunday as prices for Bitcoin, Ethereum, and major altcoins tumbled. The pullback followed military action by the United States against Iran, adding to geopolitical uncertainty and shaking global markets.
Bitcoin dropped over 3% on the day, falling below the $100,000 threshold to approximately $99,843, its lowest level since early May, according to CoinGecko. Ethereum suffered a sharper decline, sinking by more than 10% to $2,171 and giving up significant gains from the previous month.
Other leading tokens also saw losses. XRP traded at $1.95, Solana at $127, and Dogecoin at $0.147, with each reaching prices not seen in at least two months. CoinGlass reported that the total value of liquidated crypto positions reached $949 million over the past 24 hours, including $369 million in Ethereum and $242 million in Bitcoin. The majority of these liquidations—$849 million—were from traders holding long positions, which are bets that prices will rise.
The market volatility was triggered after President Donald Trump announced late Saturday that U.S. military forces had bombed three Iranian nuclear facilities in an action called Operation Midnight Hammer. The development intensified concerns over the ongoing conflict between Israel and Iran, leading to broad unease in financial markets.
Prediction market Myriad reflected the bearish shift in investor sentiment as users became more pessimistic about Bitcoin’s short-term direction. According to current data, nearly 65% of respondents anticipate Bitcoin will fall below $95,000 before recovering, a significant change from Friday, when most predicted a move to $115,000.
For more information on real-time liquidations, visit CoinGlass. To track investor sentiment, see the Myriad prediction market.
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