Following U.S. military strikes on Iranian nuclear sites, the crypto market experienced over $1 billion in liquidations, with Bitcoin's price falling below $100,000 for the first time in 45 days. The majority of liquidations affected long positions, while altcoins saw the steepest declines amidst growing concerns over potential disruptions in global oil trade.

Financial markets are experiencing significant fear as President Trump's tariff announcements have led to steep declines in both equities and cryptocurrencies, with Bitcoin dropping over 8%. Major global stock indices, including those in Hong Kong and Europe, have also faced substantial losses, while U.S. bonds are gaining traction as a refuge for investors amid the turmoil. Upcoming events in the crypto space include several network upgrades and regulatory discussions that could impact the market further.