Bitcoin Crashes Below $100K — Market Cap Falls Behind Google Amid Geopolitical Shock
TradingKey – Bitcoin plunged over 2% on Monday, June 23, breaking below the critical $100,000 support level as U.S. airstrikes on Iranian nuclear facilities triggered widespread market panic.
According to market data, Bitcoin (BTC) hit an intraday low of $98,200 before rebounding slightly above the $100K mark.
Bitcoin Price Chart – Source: TradingView.
As of publication, Bitcoin’s market cap has dropped to $2.014 trillion, slipping from 6th to 8th place in the global asset rankings. It has now been overtaken by both silver (XAGUSD) and Google (GOOG).
Top 10 Global Assets by Market Cap – Source: 8marketcap.
The sell-off followed a dramatic escalation in the Middle East. On Sunday, June 22, the U.S. military launched airstrikes on three major Iranian nuclear sites, prompting Iran’s parliament to vote in favor of closing the Strait of Hormuz. Tensions soared further after President Donald Trump hinted at pursuing regime change in Iran, intensifying fear across crypto markets and sending Bitcoin sharply lower.
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