In a dramatic development, US President Donald Trump announced that America has bombed three Iranian nuclear facilities. This revelation, shared on his X account, comes amid escalating tension in the Middle East. The affected sites include Fardo, Natanz, and Esfahan.
The United States has now officially entered the ongoing war between Israel and Iran. President Trump confirmed that US fighter jets carried out the operation and are not returning home just yet.
In a follow-up address, the president warned Iran of stronger future attacks if peace is not pursued. He noted that several key targets remain intact and could be hit if Iran continues hostilities.
Following the news, cryptocurrency prices fell sharply. Bitcoin dropped by two percent and Ethereum by seven percent in the past 24 hours. Bitcoin briefly crashed to 101 thousand dollars, as markets reacted to the announcement. As earlier reported by CryptoNow, such a military strike was expected to negatively impact crypto prices.
Market analysts now suggest the next direction hinges on Iran’s response. A peaceful gesture may stabilize prices, while escalation could worsen the sell-off. There is increasing concern that other global powers, such as China and Russia, may join the conflict.
Bitcoin is facing a critical support level around 92 to 94 thousand dollars, which is nearly ten percent below current levels. A drop to this range could trigger widespread selling across altcoins.
What is Ahead for Crypto Markets?
According to a popular crypto trader on X, Bitcoin may experience a brief rebound before dipping again. He pointed out that Bitcoin has approached a support zone and could find temporary relief. However, a sustained drop below 102 thousand dollars could push it further down to the 98 to 94 thousand dollar range.
Markets remain extremely volatile. Any hint of diplomacy could attract bullish investors, while further military escalation may inflict deeper losses across the crypto space.
