The world’s largest cryptocurrency on Sunday dipped below $100,000 for the first time in over a month following U.S. airstrikes on Iran.
The selloff happened just hours after the U.S. bombed three key nuclear sites in Iran on Saturday.
“This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR. THANK YOU!” Trump posted Saturday night on social media in all capital letters.
Bitcoin’s recent plummet below the psychologically important threshold of $100,000 follows a year of gains for the cryptocurrency.
After Trump won the 2024 presidential election in November, it soared. Major stock indices like the S&P 500 also jumped, but Bitcoin and the broader crypto market’s gains were especially steep. Investors saw a White House under Trump, who’s described himself as a “pro-crypto” president, as a potential boon for the industry.
