• The leading cryptocurrency hits a 6-week low

• Bitcoin targets $97,000 per coin

Bitcoin prices declined during Sunday trading, deepening losses for the fourth consecutive day, as it lost trading above the psychological barrier of $100,000, recording the lowest level in six weeks amid intense sell-offs dominating high-risk asset markets.

The open sell-offs came after U.S. President Donald Trump announced that American bombers and missiles struck Iran’s three main nuclear sites.

Price Overview

Bitcoin price today: On the Bitstamp exchange, the price of Bitcoin fell by around $2,768, or 2.7%, to $99,430 — the lowest since May 8 — down from the opening price of $102,198. The session’s high was $103,387.

At Saturday’s close on Bitstamp, Bitcoin prices dropped 1.1%, marking the third consecutive daily loss.

Market Cap of Cryptocurrencies

The total market capitalization of cryptocurrencies fell by more than $55 billion on Sunday to a total of $3.232 trillion, amid the current decline in Bitcoin and Ethereum prices.

U.S. Strikes on Iran

U.S. President Donald Trump confirmed the execution of military strikes on Iranian nuclear facilities aimed at weakening Tehran’s nuclear program. The operation targeted key sites, causing significant material damage according to initial reports.

In a speech on the Truth Social platform, Trump called on Iran to "make peace," threatening additional strikes if American bases and interests in the Middle East are targeted.

The strikes triggered sharp geopolitical tensions, with international reactions calling for restraint. Risky asset markets, including cryptocurrencies, fell, while oil prices rose on concerns of potential supply disruptions.

Bearish Outlook

Some specialized sites reported the presence of order book liquidity, which may provide the first major support zone around $97,000.

Renowned trader Cass Abee noted, “Bitcoin is expected to drop to between $93,000 and $94,000 before bottoming out and reversing.” Abee added that the probability of hitting a low of $90,000 does not exceed “20%-25%.”