Bitcoin's recent recovery faltered as it slid back below $100,000 on June 23, 2025. This decline came amidst reports that Iran was preparing to retaliate against U.S. military actions in the Gulf region, which intensified market volatility. Other cryptocurrencies faced similar downturns, with Ethereum's ether dropping below $2,200 and XRP falling back under the $2 mark. Market sentiment was further affected by expectations of an imminent Iranian attack on U.S. bases in response to recent military actions targeting Iranian nuclear sites over the weekend. At the time of reporting, bitcoin had momentarily rebounded to just above $100,000, having dipped to approximately $98,500 earlier during Sunday trading. The ongoing geopolitical tensions are contributing to fluctuating cryptocurrency prices, highlighting the impact of global events on digital asset markets.

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