The crypto market experienced significant declines, with the total market capitalization dropping 3.2% in the past 24 hours. This was largely due to escalating geopolitical tensions, particularly U.S. airstrikes on Iranian nuclear sites ("Operation Midnight Hammer").
$BTC briefly fell below $100,000 for the first time since May 8 but recovered to $101,516, still down 1.2% over the day. $ETH dropped below $2,500, with a 24-hour loss of around 4%. Over $1 billion in liquidations, primarily from overleveraged long positions, occurred due to the panic.