Bitcoin fell to June lows, crypto traders lost $700 million

The price of Bitcoin collapsed amid geopolitical tensions.

On the night of June 22, the exchange rate of Bitcoin (BTC) fell below $101,000, whereas just before the weekend it was trading above $106,000. The minimum was reached around 02:45 Moscow time, when Donald Trump confirmed in a post on Truth Social that the USA attacked three nuclear sites in Iran.

As of now (15:15 Moscow time), the rate has partially recovered, trading at around $102,700. Exactly a month ago, the price reached a historic high of about $112,000.

Ethereum also dropped even more in percentage terms, its price has returned to early May levels, and it is currently trading below $2,300.

All altcoins in the top 100 are down over the past day, with some dropping by 10% or more. Solana (SOL) has also lost about 7% in the last 24 hours, dropping to $133.