On the night of June 21–22, the leading cryptocurrency fell below $101,000 following U.S. strikes on Iran's nuclear facilities. At the time of writing, the asset had recovered to $102,700.

Ethereum dropped to $2,280, losing about 5% over the past 24 hours.

According to a post by President Donald Trump on TruthSocial, the United States carried out three strikes on facilities in Fordow, Natanz, and Isfahan.

“Now it's time for peace! Thank you for your attention to this matter,” Trump wrote.

Several media outlets report that the U.S. actions could lead to further escalation of the conflict in the Middle East. Iran’s Ministry of Foreign Affairs considers it legitimate to resist military aggression.

The U.S. stock markets did not have time to react to the situation, as they are closed for the weekend.

Almost all digital assets fell into the “red” zone. Among the top 10 by market capitalization, Solana (-3.5% daily) and DOGE (-3.7%) were hit the hardest.

According to Coinglass, the volume of liquidations over the past 24 hours reached $682 million. The majority came from long positions in Ethereum ($282 million).

“Altcoin capitulation is literally happening right now,” noted analyst and MN Trading founder Michaël van de Poppe.

Bitcoin’s dominance index reached 62.5%, while Ethereum’s stood at 8.46%.

The total market capitalization dropped by 3.4% to $3.27 trillion. The crypto fear and greed index fell to 42 points.

Santiment previously pointed out an intensifying battle between bulls and bears, as well as worsening sentiment in the cryptocurrency market.