Bitcoin Falls to $76,000 as Trump’s Iran Warning Sparks Crypto Market Sell-Off

Bitcoin Price Drops After Renewed US-Iran Tensions

Bitcoin fell to nearly $76,000 today as rising geopolitical tensions between the United States and Iran triggered fresh pressure across crypto markets. The decline followed comments from U.S. President Donald Trump warned Iran that “the clock is ticking” amid stalled peace negotiations.

Bitcoin dropped around 7% over the past three days, touching a three-week low near $76,500 and wiping out gains made since early May. Btc had recently climbed toward $83,000, supported by strong spot ETF inflows and optimism surrounding the U.S. CLARITY Act.

Crypto Liquidations Cross $677 Million

The market downturn caused major liquidations in leveraged crypto positions. More than $607 million in bullish bets were liquidated in 24 hours, with Bitcoin long positions accounting for roughly $190 million. Total crypto liquidations across exchanges reached nearly $677 million.

At the same time, oil prices surged as fears around supply disruption returned. WTI crude briefly jumped above $103 per barrel after concerns grew over the Strait of Hormuz and the expiration of a waiver related to Russian crude sales.

Bitcoin Support at $76,000 Seen as Key Level

Bitcoin must hold support near $76,000 to avoid deeper losses. Market observers pointed to possible downside targets between $71,000 and $73,000 if selling pressure increases, while some analysts warned a break below could open the path toward the $65,000 level.

Traders also highlighted growing bearish momentum after Bitcoin failed to break resistance near $82,000, increasing short-term uncertainty in the market.