Crypto Market Crashes 3.24% as US Strikes Iran

The crypto market experienced a significant crash following the United States' launch of precision airstrikes on three Iranian-linked sites early Sunday morning. This unexpected move by the U.S. sent shockwaves through global markets, with Bitcoin plummeting to $99,536, down 3.24% in the last 24 hours. Ethereum also saw a sharp decline, dropping 9.26% to $2,185. The airstrikes, which targeted Iran's nuclear sites, were part of a broader effort by the U.S. to support Israel's campaign against Iran's nuclear program. The escalating conflict between the U.S. and Iran has sparked fears of a wider regional war, leading to a sharp sell-off in the crypto market.

The U.S. military's decision to strike three sites in Iran early Sunday morning marked a significant escalation in the ongoing tensions between the two nations. The airstrikes were seen as a direct intervention by the U.S. in Israel's efforts to dismantle Iran's nuclear capabilities. Iran's foreign minister responded to the strikes by stating that the U.S. is "fully responsible" for the consequences of its actions, raising concerns about potential retaliation from Iran.

Most altcoins are bleeding even harder than Bitcoin, indicating broad panic and heavy liquidation. Traders are flocking to stablecoins like USDT and USDC, both of which are holding their $1 peg amid the chaos. With the airstrikes likely to stir further political and military reaction from Iran—and potentially draw in other powers—the global market sentiment has soured rapidly. Investors are bracing for a Red Monday when U.S. and European stock markets reopen.

Bitcoin has long been touted as “digital gold,” but today's reaction proves it's still treated like a high-risk tech asset. If global instability continues, gold and oil might rally—while crypto could face even deeper corrections unless sentiment recovers. The situation remains fluid, and the potential for further escalation in the conflict between the U.S. and Iran cannot be ruled out.