Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran

📄Full Article· Automatically extracted by trafilatura3382 words

Bitcoin fell below $78,000 (hitting a session low of $77,614), a drop that erased its monthly gains and shaved over $40 billion off its market cap. Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran Key Takeaways - Bitcoin fell below $78,000 as rumours of potential U.S. and Israeli military strikes against Iran intensified. - The sudden crypto market crash wiped out $666 million in long positions. - Investors look ahead as the Israel Defense Forces prepare assets for a conflict that could last for weeks. Bitcoin Slips Below $78,000 as Geopolitical Tensions Rise Bitcoin dipped below $78,000 Saturday morning amid fears that the U.S. and Israel are about to resume bombing Iranian facilities. Bitstamp data show that the top cryptocurrency dropped to a session low of $77,614 before recovering and consolidating around $78,000. The slide continues a downward trend that has seen the asset shed approximately $4,000 since tapping $82,000 on May 14. The cryptocurrency’s plunge brought its 24-hour losses to 3.2 percent and effectively wiped out the gains bitcoin has made since the start of the month. It also dragged down its market capitalization to $1.56 trillion, a drop of more than $40 billion from the $1.6 trillion mark recorded Thursday. According to a New York Times report, any escalation in hostilities would likely trigger a two-pronged U.S. military strategy: intensified, high-precision airstrikes targeting Iranian command-and-control infrastructure, alongside highly specialized ground operations designed to neutralize and retrieve enriched nuclear material secured deep within the subterranean facilities at Isfahan. Tehran has immediately drawn a line in the sand, vowing “to deliver a well-deserved response to any aggression.” Mirroring this urgency, Israeli defense officials have shifted to a wartime footing, with domestic media outlets reporting that the Israel Defense Forces are actively preparing for a sustained, multi-week campaign. While the odds of a return to combat operations have jumped now that the U.S. and China summit has concluded, critics warn that such an undertaking would entail huge American casualties and a further spike in oil prices. Already, both Brent crude and West Texas Intermediate (WTI) were above $105 per barrel by late Friday, May 15. Meanwhile, the crypto market sell-off extended to altcoins, with HYPE being the only high-cap coin with double-digit losses, dropping 10.5 percent. ZEC and LINK plunged 6.4 percent while XRP, which surged following the advancement of the CLARITY Act bill on May 14, dropped 4 percent to $1.41. A majority of altcoins logged 24-hour losses exceeding 3 percent, which saw their aggregate market cap decline from just over $1.1 trillion to nearly $1.05 trillion at the time of writing. The liquidation event wiped out nearly $700 million in leveraged positions within a 24-hour window, with long bets accounting for approximately 95 percent of the total, or $666 million. Bitcoin Slides Below $79K as Trump’s Iran Threat Sends Oil Past $105 Bitcoin Slides Below $79K as Trump’s Iran Threat Sends Oil Past $105 Bitcoin’s drop below $79,000 was driven by a sharp swing in global risk sentiment after the U.S.–China summit ended without… Read NowBitcoin’s drop below $79,000 was driven by a sharp swing in global risk sentiment after the U.S.–China summit ended without…

Data Status✓ Full text extractedRead Original (Bitcoin.com)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-18

Bitcoin slides below $77,000 as Trump’s Iran warning rattles risk assets

2026-05-15

Bitcoin Slides Below $79K as Trump’s Iran Threat Sends Oil Past $105

2026-04-21

Bitcoin slides toward $75,000 amid Warsh hearing, stalling U.S.-Iran talks

2026-05-24

This Week in Crypto: Bitcoin Swing, Iran Deal, Cardano Risk and More

Similarity 330%標的 BTC關鍵字 iran/bitcoin

2026-05-23