Total crypto market capitalization shed around $80 billion over a few hours late on Monday night as Middle East tensions escalated.
It fell marginally to around $3.44 trillion as Bitcoin dipped by over $2,000 in a decline to around $106,500 before it immediately started to recover and reclaim $107,000 at the time of writing.
The dip was caused by US President Donald Trump calling for the evacuation of Tehran as the exchange of missiles between Israel and Iran continued for a fourth day.
Trump Leaves G7
Donald Trump departed the annual G7 meeting in Canada early, telling reporters, “I have to be back early for obvious reasons.”
The POTUS also took to his Social Media platform to say that Iran should have signed his “deal” before adding that the country cannot have a nuclear weapon and “everyone should immediately evacuate Tehran.”
TRUMP: “Everyone should immediately evacuate Tehran.” pic.twitter.com/vGygTxuFsg
— The Kobeissi Letter (@KobeissiLetter) June 16, 2025
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