Bitcoin prices fell due to U.S. strikes on Iran, causing investors to flock to safe-haven assets.

From Financial Modeling Prep: 2025-06-23 07:19:00

Bitcoin prices fell on Monday as U.S. strikes on Iran’s nuclear facilities heightened geopolitical tensions, causing investors to seek safe-haven assets. Bitcoin traded at $101,501.8, down 1.3% from the previous day and below its recent range of $103,000 to $108,000. The potential closure of the Strait of Hormuz led to a surge in oil prices, impacting crypto assets.

The U.S. airstrike on Iran triggered a flight to safety, with markets on edge over potential retaliation. Reports of damage remain unverified, but the uncertainty caused traders to flock to the U.S. dollar. Bitcoin’s sensitivity to global sentiment led to a decline, along with other cryptocurrencies which also saw losses.

Bitcoin’s drop reflects its vulnerability to market sentiment, despite not being directly linked to oil flows or traditional trade routes. The broader crypto market suffered as well, with altcoins also experiencing losses. The Federal Reserve’s hawkish stance on interest rates further weighed on risk assets, impacting speculative investments like crypto.

For real-time insights on cryptocurrency price movements, check the Cryptocurrency Daily API for updates on trading volumes, highs, lows, and trends. Stay informed about the latest developments in the crypto market to make informed investment decisions.



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