Altcoins experienced a sharp decline as the US escalated military actions in the Iran-Israel conflict, triggering widespread market volatility.
Bitcoin remains resilient above $102,000, yet looming geopolitical tensions pose significant downside risks for the near term.
According to COINOTAG, crypto liquidations surged past $670 million amid bearish sentiment fueled by US airstrikes and warnings of further escalation.
US military strikes on Iran’s nuclear sites trigger altcoin sell-off and $670M in crypto liquidations, while Bitcoin holds above $102K amid heightened geopolitical risks.
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US Airstrikes on Iran Nuclear Sites Spark Altcoin Market Sell-Off
The recent US airstrikes on Iran’s nuclear facilities have sent shockwaves through the cryptocurrency market, particularly impacting altcoins such as Ethereum, Cardano, and AI-focused tokens like FET. Ethereum fell over 5%, dipping below $2,300 for the first time in a month, while Cardano approached a three-month low with a 6% drop. AI agent tokens, including VIRTUAL and FET, suffered the most significant losses, declining nearly 10%. This sharp downturn reflects heightened investor risk aversion amid escalating geopolitical tensions.
Bitcoin’s Stability Tested Amid Rising Geopolitical Uncertainty
Despite the turmoil in altcoins, Bitcoin has demonstrated relative resilience, maintaining a price above $102,500. However, market analysts caution that Bitcoin’s position remains precarious. Should the conflict intensify over the weekend, a breach below the critical $100,000 psychological threshold is plausible. This potential dip aligns with prior forecasts from COINOTAG analysts, who anticipated a 10% correction in Bitcoin’s price if US involvement in the Iran-Israel war escalated.
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The immediate aftermath of the US strikes saw crypto liquidations exceed $670 million, signaling a pronounced shift toward bearish sentiment. Traders are closely monitoring Iran’s potential response, with President Trump’s statements indicating that any retaliatory action would prompt further US military measures. This dynamic has injected considerable uncertainty into the market, prompting cautious positioning among investors and traders alike.
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Source: https://en.coinotag.com/bitcoin-holds-above-102000-amid-us-iran-conflict-altcoins-see-significant-declines/