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By Krisztian Sandor|Edited by Stephen Alpher
Updated Jun 23, 2025, 4:46 p.m. Published Jun 23, 2025, 4:45 p.m.
Cryptocurrencies gave up nearly all of their overnight bounce on during midday U.S. hours on Monday, with bitcoin
sliding back below $100,000 onnews reportsthat Iran was preparing to attack U.S. bases in the Middle East.
Other major cryptos also erased gains: Ethereum’s ether
fell below $2,200, while XRP
plunged back below the $2 level.
STORY CONTINUES BELOW
At press time, bitcoin had returned to modestly above the $100,000 mark. The Sunday low in prices was at roughly $98,500.
Axios reported that the Trump administration was preparing for Iran to attack U.S. bases in the Gulf in retaliation for the U.S. military bombarding three Iranian nuclear sites over the weekend. The report noted the president as imminently set to meet with his national security team to discuss the threat.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
