Why did crypto crash today? Bitcoin Bleeding and the Trump-Iran Conflict

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Crypto markets opened trading in deep red on Thursday, leaving traders looking for an answer to one question: Why did crypto fall today?

Cheap price Bitcoin Briefly below the level of $ 73,000, while major altcoins such as Ethereum andSolana andXRP images andThe price of BNB In a big sale. This decline came at a time when the markets were overwhelmed by the number of withdrawals and exits from the fund Company recommendations IBIT ETFand increase the tension between them Trumpet and Iran following reports of war in the Middle East.

Despite the chaos, the president emphasized Donald Trump He reiterated his support for crypto, declaring that he will “not give up on crypto,” while accusing the former head of the Securities and Exchange Commission, Gary GenslerIn an attempt to destroy the industry. Trump also promised to create a digital asset system that is future-proof and will not be blocked by “crypto haters.”

Why did digital currency collapse?

“Why did crypto go down” has become a big topic, as the data shows CoinGlass $936 million worth of positions were liquidated in the last 24 hours. Long positions took $873 million of these losses, as risky bets were driven out of the market.

I signed up Bitcoin Only, the withdrawal of $ 355 million followed Ethereum That’s $242 million, then Solana It’s $26 million, andXRP images $19 million, in addition to significant losses on contracts The price of BNB The future.

This decline coincides with a significant change in risk on global markets. It has introduced global uncertainty related to the content of the file Trumpet Iranian investors moved away from speculative stocks, while open contracts in crypto derivatives fell by an additional 1.2%.

Tensions have been building ahead of the end of Friday’s major options, where $7.5 billion worth of crypto contracts are expected to be liquidated. The “big pain” of money is fixed Bitcoin It is currently close to $69,000, while it is less than $2,000 per coin. Ethereumpaving the way for greater flexibility as the fences close.

Meanwhile, the platform continued Pompo. fun Trading money SOLthrowing away 100,000 additional tokens worth $8.3 million, as part of the overall sales campaign targeting $780 million.

History of the IBIT ETF

Fill in the box Company recommendations IBIT ETF Partner with the company BlackRock Its largest daily outflow, losing $527.8 million. The reversal extended the fund’s exposure to eight consecutive trading days, resulting in a net loss of approximately $1.8 billion. This sale contributed to the decline Bitcoin Specifically, it represents the biggest withdrawal since the introduction of the drug.

However, the fund still manages assets worth about $60 billion and represents about 4% of… Bitcoinwith the total amount remaining above $56 billion in total.

Poor communication Company recommendations IBIT ETF As Treasury yields rise and risks flee. When it was said that the company Grant Cardone He bought 130 BTC During this decline, strong trading pressure from ETFs overshadowed any tone of optimism.

The consequences of Trump’s topics with Iran

Conflicts were in the middle Trumpet Iran is the biggest contributor to today’s market weakness, after fresh military protests in the Middle East worried investors around the world.

A loser Bitcoin The momentum is below the $73,000 level where the money moves to a safe place. Despite growing geopolitical concerns, he continued Trumpet Encouraging his support for the sector, he said: “We will not give up on crypto,” he criticizes Gensler What he called the “anti-crypto army” drove innovation out of the country.

surrender Trumpet As well as by establishing regulations on the structure of the market for digital products that aim to protect the industry from any future changes. At the same time, he encouraged the Senator Cynthia Loomis Congress to send the Clarity Act to Trumpet At the same time, warning that the failure to pass the project in this sector could damage America’s position in the global crypto competition.

Good signs in the midst of fear

Despite the aggressive sales, there is still hope for the future of the industry. on Jan van EckCEO of the company VanEckhope of Bitcoin In time, despite his warning that the year 2026 corresponds to history is the weakest point in the quadruple half cycle, he saw this renewal as a natural renewal of the cycle.

Validity metrics continue to rise; The volume of crypto-linked payment cards has reached $7.8 billion, with monthly usage growing by 230% as of May 2025.

Traditional money is still working, raising the bank… Goldman Sachs He recently set his year-end target for the S&P 500 Index at 8,000 points, a move that will benefit crypto markets later on.

Even in derivative markets, some traders see additional opportunities; Short positions in cash Ether Being close to the $2,000 level, it could face a short-term squeeze of around $2 billion if the currency decides to reverse its trend.

In short, today’s episode shows the reasons why the issue of crypto shortage exists in the short term; ETF exits, futures withdrawals, international disputes, and option volatility have combined to create a perfect storm of risk factors. However, behind the current fear, the establishment of institutions, the progress of the administration, and the increase in actual use continue.

A note Why did crypto crash today? Bitcoin Bleeding and the Trump-Iran Conflict appeared for the first time Cryptonews Arabic.

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