Bitcoin price drops to $ 98,000 after American attack on Iran

The price of Bitcoin fell sharply on Sunday after the United States bombing on strategic nuclear installations in Iran.

It was a shocking weekend for many, especially for Americans who had voted for President Trump, who campaigned with a platform of no wars. Without any announcement, Trump posted on his Truth Social page that the US Army had just completed the successful bombing at important nuclear locations in Iran, including the underground Fordow core center. Earlier that week, Trump had announced that he would decide to bomb Iran within two weeks, so the sudden post on social media came to many as a shock.

Bitcoin course is falling, but finds support

Bitcoin held up for most of the weekend, even immediately after the announcement. But towards Sunday afternoon, Bitcoin started to show more weakness, quickly dropped below $ 100,000 and reached a low point just above $ 98,000. It was the lowest price for Bitcoin since the beginning of May, when the race exceeded $ 100,000 and reached new record highs.

The support area remained Bullish, since Bitcoin transformed earlier resistance to new support. Yet there is no doubt that there is weakness in the way Bitcoin acts and the geopolitical uncertainty contributes to a risk -aging environment. Until the conflict in the Middle East has been resolved, we will probably experience volatility in Bitcoin, crypto currency and shares.

On Sunday evening, on the eve of the Asian trade session, Bitcoin made up for most of its losses and is again traded above $ 101,000.

Altcoins get big hits

Altcoins received a much larger blow than Bitcoin, which is no surprise to see how the sector behaved during this bullmarkt. Ethereum lost important support around $ 2,400 and now acts just above $ 2,200. Solana has fallen by more than 15% last week and remains above $ 130. HYPE, Sui in Cardano Are some other big losers at the weekend, since investors take a profit from their recent rallies.

The futures on US shares opened lower, but have also made up for part of their losses. With all the negativity and pessimism that woven around on social media this weekend, the markets seem to ignore the American attack on Iran. The markets are still in red on Monday, but so far most international markets are relatively flat. American futures on US shares have overtaken a large part of the gap since the opening and are currently around -0.20% in the night trade.