In brief
- Crypto prices tanked Sunday morning after the U.S. conducted strikes on three Iranian nuclear facilities.
- Ethereum led the selloff among the top 20 cryptocurrencies by market cap, dropping 7.4% on the day.
- Users on prediction market Myriad turned bearish on Ethereum, with over 70% expecting it to close out the year below $2,000.
The crypto market took a battering on Sunday morning as over $600 million in long positions were liquidated following U.S. attacks on Iranian nuclear facilities.
Crypto liquidations topped $701 million according to CoinGlass data, of which the vast majority, $618.69 million, were long positions.
The total market capitalization of all cryptos dipped to $3.25 trillion, down 4.4% on the day, per CoinGecko.
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Jun 22 2025
