Bitcoin Drops Below $100,000 Amid Iran Retaliation Reports
Cryptocurrencies experienced a sharp decline during midday U.S. hours on Monday.
- Bitcoin fell below $100,000 amid reports of Iran planning attacks on U.S. bases in the Middle East.
- Ethereum's ether dropped below $2,200.
- XRP fell back below the $2 level.
- Bitcoin briefly returned to slightly above $100,000 after hitting a low of approximately $98,500 on Sunday.
The Trump administration is reportedly preparing for potential Iranian retaliation following recent U.S. military actions against Iranian nuclear sites.