Bitcoin plummets below $100,000 after U.S. strikes Iran nuclear sites
The world's largest cryptocurrency on Sunday dipped below $100,000 for the first time in over a month following U.S. airstrikes on Iran.
Bitcoin dropped 4% over the past 24 hours to about $99,300, according to data from Binance. Ether, the second largest cryptocurrency by market capitalization, had an even starker decline, shedding almost 10%. The total crypto market has tanked about 7% over the past day.
The selloff happened just hours after the U.S. bombed three key nuclear sites in Iran on Saturday.
In mid-June, a United Nations–backed nuclear watchdog said that Iran wasn't complying with prohibitions against developing a military nuclear program. Israel struck Iran shortly after the watchdog publicized its allegations, and the Islamic Republic retaliated. On Saturday, Trump announced that he had authorized the U.S.'s entrance into the conflict.
'This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR. THANK YOU!' Trump posted Saturday night on social media in all capital letters.
Bitcoin's recent plummet below the psychologically important threshold of $100,000 follows a year of gains for the cryptocurrency.
After Trump won the 2024 presidential election in November, it soared. Major stock indices like the S&P 500 also jumped, but Bitcoin and the broader crypto market's gains were especially steep. Investors saw a White House under Trump, who's described himself as a 'pro-crypto' president, as a potential boon for the industry.
Once Trump assumed office in January, Bitcoin soon notched all-time highs above $100,000 in February as the 47th president unveiled executive orders designed to help the crypto industry. Still, the cryptocurrency soon followed the broader financial markets and declined in price. In April, shortly after Trump unveiled a suite of historically severe tariffs, Bitcoin dipped to almost $75,000, its lowest mark in 2025.
Recently, Bitcoin, which usually tracks with tech stocks and the tech-heavy Nasdaq, has rallied. In May, it notched its all-time high as Wall Street investors piled back into the cryptocurrency through U.S. exchange-traded funds, or ETFs. In June, it's trended lower amid geopolitical instability in the Middle East.
This story was originally featured on Fortune.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
NYT Connections today – my hints and answers for June 21 (#741)
When you buy through links on our articles, Future and its syndication partners may earn a commission. Looking for a different day? A new NYT Connections puzzle appears at midnight each day for your time zone – which means that some people are always playing 'today's game' while others are playing 'yesterday's'. If you're looking for Friday's puzzle instead then click here: NYT Connections hints and answers for Friday, June 20 (game #740). Good morning! Let's play Connections, the NYT's clever word game that challenges you to group answers in various categories. It can be tough, so read on if you need Connections hints. What should you do once you've finished? Why, play some more word games of course. I've also got daily Strands hints and answers and Quordle hints and answers articles if you need help for those too, while Marc's Wordle today page covers the original viral word game. SPOILER WARNING: Information about NYT Connections today is below, so don't read on if you don't want to know the answers. Today's NYT Connections words are… BRANDY MALT FIRM BUTTER STOUT CIDER PORT HOUSE LUXE OUTFIT THICK SAUCE SQUAT GERM CONCERN SOLID What are some clues for today's NYT Connections groups? YELLOW: Sturdy GREEN: Business BLUE: Could be an iPhone? PURPLE: Roman could be another Need more clues? We're firmly in spoiler territory now, but read on if you want to know what the four theme answers are for today's NYT Connections puzzles… What are the answers for today's NYT Connections groups? YELLOW: STOCKY GREEN: COMPANY BLUE: APPLE PRODUCTS PURPLE: STARTS OF EUROPEAN COUNTRIES Right, the answers are below, so DO NOT SCROLL ANY FURTHER IF YOU DON'T WANT TO SEE THEM. The answers to today's Connections, game #741, are… YELLOW: STOCKY SOLID, SQUAT, STOUT, THICK GREEN: COMPANY CONCERN, FIRM, HOUSE, OUTFIT BLUE: APPLE PRODUCTS BRANDY, BUTTER, CIDER, SAUCE PURPLE: STARTS OF EUROPEAN COUNTRIES GERM, LUXE, MALT, PORT My rating: Easy My score: 1 mistake I made harder work of this than I probably needed to, but in fairness the NYT did throw in some classic misdirection today, with FIRM seemingly going with SOLID, SQUAT and STOUT, in my head at least, when really it was THICK that I was looking for to complete the yellow STOCKY group. Surprisingly, I got purple first. This was a clever one, with GERM, LUXE, MALT and PORT all forming the starts of European nations – Germany, Luxembourg, Malta and Portugal, obviously. I should really have got blue, Apple products, given that I spend my life writing about them. But rather than iPads and MacBooks, it was BRANDY, BUTTER, CIDER and SAUCE that I needed here. How did you do today? Let me know in the comments below. YELLOW: ITEMS IN A SEWING KIT BUTTON, NEEDLE, SCISSORS, THREAD GREEN: CAPTURE ON VIDEO FILM, RECORD, SHOOT, TAPE BLUE: PRO WRESTLING ICONS, WITH 'THE' HITMAN, ROCK, SNAKE, UNDERTAKER PURPLE: WAX ___ MUSEUM, PAPER, POETIC, SEAL NYT Connections is one of several increasingly popular word games made by the New York Times. It challenges you to find groups of four items that share something in common, and each group has a different difficulty level: green is easy, yellow a little harder, blue often quite tough and purple usually very difficult. On the plus side, you don't technically need to solve the final one, as you'll be able to answer that one by a process of elimination. What's more, you can make up to four mistakes, which gives you a little bit of breathing room. It's a little more involved than something like Wordle, however, and there are plenty of opportunities for the game to trip you up with tricks. For instance, watch out for homophones and other word games that could disguise the answers. It's playable for free via the NYT Games site on desktop or mobile.
CBS News
33 minutes ago
- CBS News
Satellite photos show before and after U.S. strikes on Iran's nuclear facilities
New satellite photos show the aftermath of the U.S. military strike that dropped multiple 30,000-pound "bunker-buster" bombs on Iran's Fordo nuclear facility and hit two other key locations in Iran's nuclear program. The stealth U.S. mission, dubbed "Operation Midnight Hammer," struck three nuclear facilities in Iran — Fordo, Natanz and Isfahan — in the early hours of Sunday local time. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said at a Pentagon briefing Sunday that seven B-2 Spirit bombers each carried two of the bombs known as GBU-57 Massive Ordnance Penetrators, or MOPs. Over 25 minutes, a total of 14 MOPs were dropped on two target areas at Fordo and Natanz, while Tomahawk missiles from a U.S. submarine targeted the Isfahan site, he said. He said it was the first time those massive bombs have ever been used in an operation. "Final battle damage will take some time, but initial battle damage assessments indicate that all three sites sustained extremely severe damage and destruction," Caine said. Satellite photos show impact of strikes on Fordo Satellite images from Maxar Technologies, taken Sunday after the strikes, show damage to the mountainside where the underground nuclear site at Fordo is buried about 300 feet down. They can be compared to images of the same location taken before the strikes. Satellite image by Maxar Technologies shows the Fordo underground nuclear facility in Iran before U.S. strikes. Satellite image ©2025 Maxar Technologies Satellite image by Maxar Technologies shows the Fordo underground nuclear facility in Iran after U.S. strikes taken on June 22, 2025. Satellite image ©2025 Maxar Technologies A layer of ash caused by the airstrikes can be seen across a large swath of the area. The images by Maxar show several large diameter holes or craters on the top of the ridge over the underground complex. Satellite photo taken on June 22, 2025, by Maxar Technologies, shows craters and ash on the ridge at Fordo underground complex in Iran after U.S. strikes. Satellite image ©2025 Maxar Technologies Additionally, several of the tunnel entrances that lead to the underground facility appear blocked by dirt following the strikes. Satellite image by Maxar Technologies shows the tunnels leading into the Fordo underground nuclear facility in Iran before U.S. strikes. Satellite image ©2025 Maxar Technologies Satellite image from June 22, 2025, by Maxar Technologies shows the tunnels leading into the Fordo underground nuclear facility in Iran after U.S. strikes. Satellite image ©2025 Maxar Technologies Asked at the briefing whether any of Iran's nuclear capability remains, Caine said, "I think (battle damage assessment) is still pending, and it would be way too early for me to comment on what may or may not still be there." Iran has yet to offer a damage assessment of the site. The United Nations' International Atomic Energy Agency said in a social media post that it had seen "no increase in off-site radiation levels" in the wake of the U.S. strikes. In a statement on Sunday to the U.N. Security Council, IAEA Director General Rafael Mariano Grossi said his team was unable to assess the underground damage at Fordo. Following the attacks, he said there's a "window of opportunity to return to dialogue and diplomacy." "If that window closes, violence and destruction could reach unthinkable levels and the global non-proliferation regime as we know it could crumble and fall," Grossi said. Craters, destroyed buildings in Isfahan and Natanz At Isfahan, which was targeted by about a dozen Tomahawk missiles, satellite images from Sunday show extensive building damage across the facility, compared to images taken June 16. The Israeli military had also heavily bombed Isfahan in recent days Grossi told the UN Security Council that affected buildings include some related to the uranium conversion process. Entrances to tunnels used for the storage of enriched material appear to have been hit, the IAEA director general said. Satellite image by Maxar Technologies shows the Isfahan nuclear facility in Iran on June 16, before U.S. strikes. Satellite image ©2025 Maxar Technologies Satellite image by Maxar Technologies on June 22, 2025 shows the Isfahan nuclear facility in Iran after U.S. strikes. Satellite image ©2025 Maxar Technologies At the Natanz uranium enrichment facility, a satellite image captured Sunday by Maxar shows an approximately 5.5-meter diameter hole or crater in the dirt directly over part of the underground military complex. Satellite image by Maxar Technologies shows the Isfahan nuclear facility in Iran on June 15, before the U.S. strike. Satellite image ©2025 Maxar Technologies Satellite image by Maxar Technologies on June 22, 2025 shows the Natanz nuclear facility in Iran after U.S. strikes. Satellite image ©2025 Maxar Technologies Natanz had been previously damaged by the first Israeli strikes on Iran on June 13. Grossi confirmed Sunday that the fuel enrichment plant in Natanz had been hit again, with the U.S. confirming that it used ground-penetrating munitions. He said Iran has informed the nuclear watchdog there has been no increase in off-site radiation levels following the attacks. However, bombing nuclear facilities "could result in radioactive releases with grave consequence," Grossi warned, urging "maximum restraint." U.S. military used decoys and deception in attack President Trump announced Saturday evening that the U.S. had launched strikes against Iran. He said in a national address later Saturday night that the sites "have been completely and totally obliterated." Secretary of Defense Pete Hegseth said Sunday that the U.S. used decoy B-2 bombers, which flew west over the Pacific from their base in Missouri earlier Saturday, to throw off the Iranians from the true plans. The bombers actually involved in the strike took off on an eastward path, refueling several times on their way to the Middle East. Hegseth added that the U.S. used other methods of deception to protect the B-2 bombers that dropped the 14 "bunker-buster" bombs. He said the tactics helped the U.S. drop the bombs without tipping off Iran's fighter jets or its air missile systems. "Our B-2s went in and out … and back without the world knowing at all," Hegseth said. "In that way, it was historic. A strike that included the longest B-2 Spirit bomber mission since 2001, and the first operational employment of the MOP, a Massive Ordnance Penetrator."
Yahoo
33 minutes ago
- Yahoo
This millennial was rejected from 200 jobs—now he makes millions charging wealthy families six-figures to get their kids into the Ivy Leagues
Like many Gen Zers today, after graduating from college, Christopher Rim was rejected from more than 200 job applications—including at top firms like Goldman Sachs and BCG. But, he says, 'that was the best thing that could have happened to me.' Now, he's making millions disrupting the $3 billion college consultancy industry. How much would you pay to help your child get accepted into Harvard, Stanford, or MIT? $10,000? What about $100,000, or even $750,000? Hundreds of families are paying six-figure price tags to a young millennial named Christopher Rim to get their kids into their top college choices. As the founder and CEO of college admissions consultancy group Command Education, Rim has become a wizard of sorts for how to crack the Ivy League code. Over the last five years, 94% of his clients have been accepted into their top three college choices. And while the $3 billion college consultancy industry may sound like another leg-up the rich have to get their children into schools, Rim says it's about helping students reach their dreams and unlock their potential. After all, on average, only about 5% of pupils who want to go to an Ivy League school actually get in. 'You have one chance. That's it,' the 30-year-old tells Fortune. 'You can't go back to college or apply to these selective universities again.' Unlocking potential is something that hits home in Rim's own story toward success, both in his own journey trying to attend an Ivy League school as well as trying to find his footing as a young graduate. As a public high school student in New Jersey, Rim was told he'd never be cut out for an Ivy League institution. While he admits himself that he wasn't the smartest kid in his class, he had a mission to attend Yale University, and decided to apply even when his guidance counselor pleaded with him to settle for Rutgers University, an in-state public school. Out of the nearly two dozen students from his school who applied to Yale, he was the only one who got in—despite having a lower GPA than the rest. As a student, he kept the ball rolling by charging high schoolers $50 to edit their admissions essays and advising them on how to strengthen their resumes and 'authentically stick out.' After his first two clients got into MIT and Stanford, he realized he might have a gift, and thus Command Education was born in 2015 in his New Haven, Conn., dorm room. However, Rim still wasn't sure it was the key to a post-grad career. Then came the time to apply for jobs. 'I applied to over 200 jobs senior year. All my friends were getting jobs at Goldman Sachs, McKinsey, BCG, major corporations. I got none. I got zero,' he says. 'And that was the best thing to have that happen to me.' Instead of letting the rejection defeat him—like what happens to millions of young adults each year—Rim used it as motivation to help others reach their dream college, too. 'Everyone has this potential, and I was able to instill that confidence and belief and motivate them through the process,' Rim says. 'I think that was a major reason as to why my students succeeded, which, of course, led me to succeed with the business.' So far, Command Education has guided over 1,500 students into top-tier schools, with acceptance rates that soar far above the national average—more than seven times higher at places like Harvard, Caltech, and the University of Chicago. And with parents investing close to $100,000 on average for his services, Rim isn't just shaping student futures, he's built a booming business in the process. While he declined to comment on his company's revenue, his average fee and high demand would put that figure in the millions. (Rim also explained that the $750,000 price tag was a one-off example that included working with a student starting in middle school and having unlimited access to services.) With or without professional help, getting into a top institution is no easy feat. In fact, over the last decade, colleges have only gotten more selective in the students they accept. However, it's not because schools have gotten much smaller in size, it's because more students are applying. For Harvard's class of 2028, who just finished their first year of college, over 54,000 applicants battled for just 1,970 seats; an acceptance rate of 3.6%. That's up from about 37,000 applicants competing for 2,080 spots for the class of 2019, an acceptance rate of 5.6%. Even then, not all accepted students ultimately choose to attend that school. At the same time, college is only getting more expensive. Tuition and fees at private universities have increased by about 41%, when adjusted for inflation, according to U.S. News and World Report. And while some colleges have made attempts at softening the burden for many lower-income students—like Harvard making tuition free for families making less than $200,000—attending a top college remains an uphill battle for many students. However, Rim says services like his aren't making the process less equitable, but rather helping young people find their true calling. 'I know I am not helping my student take a spot away from a middle-class student or a lower-income family student,' Rim adds. 'I'm helping other wealthy families and their kids compete against other wealthy families.' And despite some students feeling that their degree wasn't worth the cost, Rim says demand is higher than it's ever been before. But young people are expanding their interests outside of the traditional Ivy Leagues to other top-ranked schools like Duke University, Vanderbilt University, and the University of North Carolina. 'If you want to get a specific job at a bank, consulting firm, or become a doctor or lawyer, your school is going to matter a lot,' he tells Fortune. But at the end of the day, he says it's about finding students' passions and interests. 'I really will never tell a student, join the debate team, join band club, join newspaper club, because we think that's what colleges want. In fact, it's the total opposite,' Rim says. 'Do what you want.' This story was originally featured on
