Roughly 240,000 traders were liquidated in the past 24 hours as the crypto market reeled from news that U.S. bombers attacked Iran’s main nuclear sites, according to Coinglass. Total liquidations topped $1.03 billion by midday on Sunday in New York,…Roughly 240,000 traders were liquidated in the past 24 hours as the crypto market reeled from news that U.S. bombers attacked Iran’s main nuclear sites, according to Coinglass. Total liquidations topped $1.03 billion by midday on Sunday in New York,…

Crypto market hit by $1b in liquidations after US strikes Iran

1 min read

Roughly 240,000 traders were liquidated in the past 24 hours as the crypto market reeled from news that U.S. bombers attacked Iran’s main nuclear sites, according to Coinglass.

Total liquidations topped $1.03 billion by midday on Sunday in New York, highlighting the scale of the market shakeout.

With traditional markets closed for the weekend, crypto was the first to react to the geopolitical shock.

By Sunday morning in New York, Bitcoin (BTC) had dropped as much as 4% to just above $99,300, while Ethereum fell 9% to $2,185—its lowest intraday level since May 9.

See the Bitcoin chat below.

Crypto market hit by $1b in liquidations after US strikes Iran - 1

The crypto market plunged after President Donald Trump announced late Saturday that U.S. forces bombed three Iranian nuclear facilities in “Operation Midnight Hammer.”

Bitcoin dropped to its lowest level since early May. Ethereum plummeted more than 10% to $2,171, but at last check had inched up 1.2% to $2,205.5.

Altcoins like XRP, Solana, and Dogecoin also hit two-month lows. Liquidations surged to $949 million in 24 hours, mostly from long positions.

Prediction markets like Myriad show growing bearish sentiment, with 65% of users expecting Bitcoin to fall below $95,000 before reaching a new high.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump MAGA statue has strange crypto backstory

Trump MAGA statue has strange crypto backstory

The post Trump MAGA statue has strange crypto backstory appeared on BitcoinEthereumNews.com. A 15-foot-tall statue of former President Donald Trump, cast in bronze
Share
BitcoinEthereumNews2026/02/04 08:22
ABC Also Pulled Jimmy Kimmel’s Predecessor After Controversial Comments

ABC Also Pulled Jimmy Kimmel’s Predecessor After Controversial Comments

The post ABC Also Pulled Jimmy Kimmel’s Predecessor After Controversial Comments appeared on BitcoinEthereumNews.com. Jimmy Kimmel (Photo by Media Access Awards Presented By Easterseals/Getty Images for Easterseals) Getty Images for Easterseals The shock decision by ABC to pull Jimmy Kimmel Live! “indefinitely” after the late-night host’s remarks about the killing of Charlie Kirk has created a rare moment in modern TV media: A major show abruptly taken off the air, with its network forced into crisis-management mode. Rare, that is, but not unprecedented. What might go unnoticed by many people reacting to the news about Kimmel and his potential cancellation is that this is not the first time ABC has made such a move. In fact, a version of the same thing happened to Kimmel’s predecessor program — Bill Maher’s Politically Incorrect, which once had Kimmel’s slot and which ABC cancelled in the wake of a firestorm around comments Maher made in the immediate aftermath of the September 11 terrorist attacks. (Notice, by the way, that I said cancelled “in the wake of” and not “because of.” More on that in a moment.) Here’s what happened: Less than a week after 9/11, Maher and a panel were talking about then-President George W. Bush’s use of the word “cowards” to describe the hijackers. “We have been the cowards,” Maher interjected, referencing the practice of “lobbing cruise missiles from 2,000 miles away. That’s cowardly.” But Maher then went even farther over the line: Actually staying in an airplane as it hits a building? “Not cowardly.” You can read more about the ensuing uproar in this ABC news story from 2001, which includes a statement that Maher issued through his publicist: “In no way was I intending to say, nor have I ever thought, that the men and women who defend our nation in uniform are anything but courageous and valiant, and I offer my apologies to…
Share
BitcoinEthereumNews2025/09/18 11:02
The real-life inspiration for the protagonist of "The Big Short": Bitcoin crash may trigger a $1 billion gold and silver sell-off.

The real-life inspiration for the protagonist of "The Big Short": Bitcoin crash may trigger a $1 billion gold and silver sell-off.

PANews reported on February 4th that, according to CoinDesk, Michael Burry, the real-life inspiration for the character in "The Big Short" (and an investor who
Share
PANews2026/02/04 08:22