Bitcoin falls below $100K, XRP & DOGE hit 2‑month lows
Crypto liquidations top $1B amid Middle East tensions
Following the U.S. strikes on Iran Sunday, the crypto market accelerated its decline. Major cryptocurrencies dropped an average of 4.6%, while trading volume surged 42%. Risk-off sellers liquidated positions as opportunistic buyers sought to improve their market entries.
At the time of writing, Bitcoin fell below $100,000, trading at $99,240—a 4% daily drop according to CoinMarketCap. Ethereum dropped nearly 10% to $2,180.
Most leading crypto assets fell 7–9% on the day, reflecting investor fears that the Middle East conflict may escalate into a global war, involving U.S. forces and potential Iranian retaliation.
According to Coinglass, liquidations exceeded $1 billion in the past 24 hours, with $902 million in long positions, led by Ethereum ($372 million) over Bitcoin ($304 million). Over 240,000 traders were liquidated; the largest single liquidation occurred on HTX (BTC USDT, $35.45 million).
24-hour Crypto Market Liquidations Map. Source: Coinglass
Meanwhile, selective investor optimism emerged. Chainlink, whose price fell 8% to $11.44 on the day with trading volumes more than doubling, unlocked an additional $150 million to prevent collapse —most of which moved to Binance.
This strategy may be mirrored by other firms waiting for market stabilization. Myriad’s prediction market noted rising bearish sentiment around Bitcoin: when asked if BTC will hit $115K or fall below $95K, nearly 65% of users this Sunday favored the latter.
As we wrote, U.S. airstrikes on Iranian nuclear sites trigger crypto market panic
