Bitcoin falls to $76K after Trump says ‘clock is ticking’ for Iran
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- Bitcoin fell to $76,500 during early Asian trading, erasing gains since May 1 and hitting three‑week lows.
- Bitcoin saw $607 million in long positions liquidated in the past 24 hours, including $190 million in BTC longs, pushing total crypto liquidations to $677 million.
- Trump warned on TruthSocial that the “clock is ticking” for Iran and hinted the U.S. may prepare a new military operation, a comment that rattled crypto markets.
- WTI crude surged above $103 per barrel before correcting to $101, driven by supply concerns over the Strait of Hormuz and a waiver expiry for Russian crude.
- CryptoJelleNL noted a bearish divergence on the relative strength index and that resistance at $82,000 contributed to the pullback, suggesting bears are back in control.
Why it matters: Crypto traders who held long BTC positions lose $190 M as liquidations surge, while hedge funds eye buying opportunities at the $76 K support; the price dip also fuels broader market risk aversion, pressuring related assets like oil.
