Bitcoin breaks through $100,000 after US attacks on Iran, and most cryptocurrencies plummet.

International tensions escalated sharply this Sunday following the US bombing of three Iranian nuclear facilities . In an immediate reaction, the price of Bitcoin, the world's leading cryptocurrency, fell below the psychological threshold of USD 100,000 for the first time in over a month.

At 3:30 PM Argentine time, the price was USD 99,600, down 3.6% in 24 hours and 5.7% in the last seven days . The collapse dragged down almost the entire crypto ecosystem: Ethereum was down 9.1% on the day and 14% on the week, Solana 6% and 14.2% respectively, and XRP 5.9% daily and 8.8% weekly. Only stablecoins maintained their parity with the dollar.

The sharp price movement comes amid heightened global tension. The Iranian regime's decision to consider closing the Strait of Hormuz—key to the transit of 20% of global oil trade—set off alarm bells across all markets . The measure, warned U.S. Secretary of State Marco Rubio , would be "economic suicide" that would also affect powers like China.

In this climate, the crypto market once again acts as an immediate indicator of geopolitical risk. By trading in real time and without interruptions, cryptocurrencies directly reflect the level of global uncertainty.

Bitcoin had experienced months of stock market euphoria since Donald Trump's election victory in November 2024, when markets interpreted its return as favorable to the crypto ecosystem. In February, it surpassed USD 100,000 for the first time, driven by presidential decrees promoting investment and flexible regulations.

The trend, however, showed high volatility. In April, amid the threat of a trade war, it fell to USD 75,000, but recovered in May following the approval of ETFs (cryptocurrency exchange-traded funds), which attracted institutional capital to the market.

The new plunge reflects the market's sensitivity to the military escalation in the Middle East. Since the first Israeli attack on June 13, when Bitcoin was trading at $104,000, the price has maintained a slight decline. But after the US bombing on Saturday, the downward trend sharply intensified.

The total market capitalization of the crypto market, according to the CoinMarketCap portal, stood at around USD 3 trillion this Sunday. Just ten days ago, that same market exceeded USD 3.5 trillion, representing a loss of nearly half a trillion dollars.

The drop also occurs in a context of high activity. Over $148.3 billion was traded in the last 24 hours, an 89.8% increase compared to the previous day. This volume suggests that, far from retreating, investors are reacting quickly to each geopolitical event.

Although Bitcoin remains an intangible asset, its performance in financial markets is increasingly aligned with that of traditional assets, such as the technology stocks that make up the Nasdaq index. This correlation reinforces the idea that the crypto world is no longer an isolated niche, but an integral part of the global financial system.

And as such, it suffers the impact of real crises. The pullback below USD 100,000 is not only a signal for traders, but also a reminder that even the most disruptive assets are not immune to the rules of the geopolitical game.