After the US attacked Iran, BTC fell below $100,000, and the crypto market saw over $1 billion in liquidations within 24 hours.

According to Gate News bot, The Block reported that after the United States launched three military strikes against Iran last Saturday night, the Crypto Assets market experienced a big dump, with alts particularly hard hit, setting the stage for market Fluctuation when the international market opens on Monday.

U.S. President Donald Trump announced the strike last Saturday night, calling the attack on three Iranian nuclear development facilities “very successful.” On Sunday, Trump stated on his social media platform Truth Social that he might support a regime change in Iran.

According to the publicly aggregated data on Coinglass, over $1 billion in crypto assets positions were liquidated within 24 hours of the announcement of the crackdown, with most of the liquidations involving long positions. The liquidation data reported by Coinglass is based on public data and may underestimate the true extent of market liquidations.

The Iranian parliament’s response to this strike is to call on the country’s leaders to close the Strait of Hormuz, which is a vital artery for global oil trade, prompting traders to prepare for a surge in oil prices when the market opens. The final decision to close the strait rests with the country’s leadership; although the country has previously threatened to close the strait, it has never succeeded in doing so.

As the prices of the Crypto Assets market generally fall, the price of Bitcoin dropped below $100,000 last Sunday for the first time in 45 days. Although the inflow of the US spot Bitcoin ETF has now continued for nine consecutive trading days, the fund inflow last Friday was relatively weak, coupled with the fall in Bitcoin prices, laying the groundwork for the end of this momentum on Monday.

Despite the GMCI30 index from The Block (which covers the top 30 crypto assets by market capitalization) performing the best, it has fallen nearly 10% over the past week; small-cap alts and AI tokens have been particularly hard hit by the sell-off, dropping 17% and 20% respectively during the same period.