🔥 Markets React to Middle East Escalation
Global crypto markets were rattled early Sunday after U.S. President Donald Trump confirmed airstrikes on three major Iranian nuclear facilities. The attack — targeting Fordow, Natanz, and Isfahan — sent a ripple of volatility through digital assets.
📉 Ethereum (ETH) took the hardest hit, plunging 7.7% to a low of $2,200, its lowest intraday price since May 9. While Bitcoin (BTC) briefly dipped to $101,000, it quickly stabilized near prior levels.
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📊 ETH Drops More Than Smaller Altcoins
Despite the weekend volatility, Ethereum managed to recover slightly throughout the day. Meanwhile, Bitcoin’s relative stability was attributed to its historical resilience during geopolitical tensions.
> “The market is watching geopolitical developments with concern,” said Caroline Moron, co-founder of Orbit Markets.
Moron emphasized two key levels being monitored:
🔹 $100,000 for BTC
🔹 $2,000 for ETH
She added that when traditional markets reopen, oil prices and regional security dynamics are expected to influence further crypto trends.
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🧨 Trump Confirms Attacks on Fordow Facility
The biggest shock came when Trump confirmed a "bomb-laden strike" on Fordow, an Iranian facility long suspected by the international community of enriching uranium for nuclear weapons.
📍 "Fordow has been under scrutiny for years," said one defense analyst.
📍 "This strike sends a powerful global message — and markets are responding."
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💥 $679M Liquidated in 24 Hours — Mostly Longs
According to data from Coinglass, the past 24 hours saw:
❌ $679 million in total liquidations
💔 $554 million of that in long positions
🔻 $67 million in short positions
📉 This mass liquidation reflects panic exits and margin call triggers, especially among leveraged traders.
> “Bitcoin usually leads the recovery in geopolitical shocks,” noted Cosmo Jiang, General Partner at Pantera Capital.
Jiang said that although the market was already pricing in the possibility of conflict, the confirmation of the strikes helped provide a temporary local bottom for prices to consolidate.
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🔮 What Happens Next?
As traditional markets remain closed over the weekend, all eyes remain on:
🛢️ Oil prices when markets reopen
🌍 Further military developments in the Gulf region
💰 Safe-haven asset behavior like Bitcoin and gold
The coming 48 hours will be crucial in setting the tone for crypto price trajectories, investor sentiment, and global market direction.
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🧠 Conclusion:
While Ethereum showed fragility under geopolitical pressure, Bitcoin’s stability offers hope for a swift crypto recovery. Still, the Middle East tension remains a wild card, and traders should brace for continued volatility.
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