Crypto Market Recap: Bitcoin Drops Below US$100K After US Bombs Iran Nuclear Facilities

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$101,886, an increase of 1.3 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$98,467.41 and a high of US$102,001 as the market opened.

Bitcoin price performance, June 20, 2025.

Chart via TradingView

Ethereum (ETH) is currently priced at US$2,261.19, a 3.9 percent increase over the past 24 hours. Its lowest valuation as of Monday was US$2,134.88, and its highest valuation was US$2,276.37 as trading commenced.

Altcoin price update

Solana (SOL) was priced at US$134.35, up 5.5 percent over 24 hours. SOL experienced a low of US$127.01 after peaking at its opening price of US$135.91. XRP is trading at US$2.02, up by 2.9 percent in 24 hours, its highest valuation today. The cryptocurrency’s lowest valuation was US$1.92. Sui (SUI) is trading at US$2.50, showing an increaseof 4.1 percent over the past 24 hours. Its lowest valuation was US$2.31 as the markets opened, and it reached an intraday high of US$2.55 Cardano (ADA) is priced at US$0.5474, up 4.0 percent in 24 hours. Its lowest valuation on Monday was US$0.514, and its highest valuation was US$0.5531.

Today’s crypto news to know

Bitcoin dips below US$100K After US strike on Iran nuclear sites

Bitcoin fell below the US$100,000 mark for the first time since May following President Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.

In weekend trading, Bitcoin dropped as much as 3.8 percent to US$98,904, while Ether tumbled nearly 10 percent to around US$2,157.

The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass showed US$915 million of long positions and US$109 million of shorts were wiped out.

Despite the volatility, some see this correction as a precursor to another rally, with Bitcoin often rebounding quickly after geopolitical shocks.

Pompliano launches US$1B Bitcoin treasury firm

Crypto investor Anthony Pompliano has unveiled a new bitcoin treasury company, ProCap Financial, via a merger with SPAC Columbus Circle Capital I.

The venture will hold up to US$1 billion in BTC and aims to follow in the footsteps of Strategy (NASDAQ:MSTR), the software firm turned crypto juggernaut.

ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano called the largest-ever raise for a treasury-focused crypto firm.

Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its BTC through lending, derivatives, and financial services.

Fiserv to roll out Stablecoin platform for 3,000 US banks

Payments giant Fiserv is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of Main Street banks.

The platform will allow Fiserv’s banking clients—estimated at 3,000 institutions—to launch their own branded stablecoins or integrate FIUSD into their operations.

Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos. The platform is set to go live by the end of the year.

Metaplanet buys US$117M in BTC, now holds over 11,000 coins

Tokyo-based Metaplanet has added 1,111 bitcoins to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.

The firm purchased the BTC at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC—valued at over US$1.1 billion.

Metaplanet has embraced a bold bitcoin-first treasury approach, positioning itself as Asia’s Strategy-equivalent in the corporate crypto playbook.

The weekend correction saw BTC briefly dip below US$99,000 but bounce back to over US$101,000.