After US President Donald Trump announced that the United States had carried out a successful airstrike in Iran, the value of Bitcoin plummeted, falling to $100.945 per coin.

$40 Billion Vanished in Hours: Bitcoin (#BTC ) Weakens After US Airstrike on Iran

At the time of writing, BTC is trading higher following Trump’s latest statements regarding the escalation of the conflict between Israel and Iran.

“We have completed our very successful attack on three nuclear sites in Iran, including Fordow, Natanz and Esfahan,” Trump said on Truth Social at 7:50 p.m. ET on Saturday. “All aircraft are now outside Iranian airspace.”

Trump added:

A full load of BOMBS were dropped on the main site, Fordow. All aircraft are returning home safely. Congratulations to our great American warriors. There is no other military in the world that could do this. NOW IS THE TIME FOR PEACE!

After a post on Truth Social went viral, BTC ($BTC ) fell to $100.945 at exactly 7:53 p.m. on Saturday. By 8 p.m., it had recovered, stabilizing at $102.350 per coin — for now.