The entire crypto market bled more than 4%, and although BTC played its part, tokens like ethereum, XRP, and solana absorbed even heavier losses.

Out of the top ten, ethereum ( ETH) plunged roughly 9% against the U.S. dollar, landing near $2,205. By 10 a.m. Eastern time on June 22, XRP had slid 7.2%, falling beneath the $2 threshold to $1.96 per XRP. Solana ( SOL) wasn’t spared either, trading at $128.30 after slipping 8.5%.

The price of bitcoin slid beneath the $100K zone for the first time in 46 days following reports that Iran plans to close the Strait of Hormuz.

Aptos (APT) led the downward spiral among the aggregate of altcoins, dropping about 14% and grabbing the title of the day’s hardest fall. Virtuals protocol (VIRTUAL) tumbled 10.6%, while injective (INJ) sank by 12.5%.

Celestia (TIA) gave up 11.8% as well. The weekend rout triggered a cascade of crypto derivatives liquidations, totaling $876.41 million since yesterday. Of that, an eye-popping $777.91 million came from long positions — including $161 million worth of BTC longs alone.

Out of the $3.07 trillion total, BTC accounts for a dominant 65.2% market share, with ETH covering 8.6%. Meanwhile, Sunday’s global crypto trade volume climbed to $123.37 billion — up 20.29% from the day before — but the uptick is mostly fueled by sell pressure.

By 10:25 a.m. Eastern time, bitcoin slid below the $100,000 range for the first time in 46 days. The drawdown happened after Iran’s parliament reportedly approved a plan to close the Strait of Hormuz.

Reports say the final green light is now resting in the hands of Iranian security officials. This region represents nearly 30% of the global seaborne oil trade. WTI Crude now stands at $73.84 and Brent at $77.01, alongside this, Murban is at $77.39 per barrel.

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