Bitcoin faced downward pressure on Monday, continuing its decline after recent U.S. military actions against Iran’s nuclear sites stirred geopolitical unrest and diminished risk appetite among investors.

At 01:35 ET, Bitcoin (BTC) was priced at $101,501.8, reflecting a 1.3% drop for the day. Over the weekend, BTC had fallen below its previous trading range of $103,000 to $108,000, briefly dipping to $99,000 before bouncing back slightly above the significant $100,000 mark.

U.S. Military Actions Fuel Market Anxiety

The significant sell-off was prompted by a U.S. airstrike on three Iranian nuclear sites. Even though President Donald Trump announced “huge damage,” these claims have yet to be verified. The UN nuclear watchdog confirmed no immediate spike in radiation levels; however, Tehran’s threats of retaliation left investors feeling vulnerable.

Concerns grow over the possible blockage of the Strait of Hormuz—a vital route for global oil shipments—which has caused a rise in oil prices and a shift towards safer assets. Traders moved towards the U.S. dollar, putting additional pressure on cryptocurrencies.

Implications for Speculative Markets

Bitcoin’s drop illustrates its sensitivity to prevailing global sentiment. Although it does not directly rely on oil flows or conventional trade routes, the broader cryptocurrency market also experienced a downturn, as altcoins struggled.

Additional concerns stem from hawkish remarks from the Federal Reserve last week, which continue to impact risk-oriented investments. An enduring period of higher U.S. interest rates may tighten liquidity, adversely affecting speculative assets like cryptocurrency.

Stay Informed with Crypto Insights

To monitor daily price movements of major cryptocurrencies, including Bitcoin, visit Entreprenerdly.com. This platform provides consistent updates on trading volumes, historical or peak prices, and ongoing trends within the market.