Bitcoin Falls Below $75,000 After Trump War with Iran Triggers Global Sell-Off
Key Takeaways
- Bitcoin briefly fell below $80,000, dipping toward $75,000, first since April 2025.
- The week delivered double-digit losses (12–13%).
- Bitcoin hovered around $78,000 on Monday.
BTC Slides Below $75,000
Bitcoin fell below $75,000 for the first time since before the 2024 election.
“Bitcoin is stabilizing slightly today after one of its most punishing weeks in years, but the damage across crypto markets has already been done”
More than $200 billion was wiped from market cap in seven days.
$2.5 billion in liquidations occurred over 24 hours.
Gold, Silver, Crypto Sell-Off
The simultaneous sell-off in crypto and precious metals reflected a surging U.S. dollar.
Gold and silver suffered historic losses, with silver's worst day since 1980.
Trump had campaigned on making the US the crypto capital of the world.
Liquidations and Market Depth
Thin liquidity during the weekend exacerbated price swings.
“Bitcoin was slightly higher Monday after the world's biggest cryptocurrency fell below $80,000 for the first time since April 2025”
$2.56 billion across all cryptocurrencies were liquidated on Saturday alone.
Liquidations can create cascading effects and amplify volatility.
Tom Lee Sees Bottom Potential
Tom Lee said crypto prices could be near their lows if fundamentals hold.
BitMine has $6.95 billion in unrealized losses.
An advisor projected targets of $77,000 for Bitcoin and $2,400 for Ethereum.
More on Crypto
Metaplanet Acquires 5,075 BTC, Becomes Third Largest Corporate Bitcoin Holder
12 sources compared
OpenEden Launches HYBOND Token Backed by BNY's High-Yield Bond Strategy
10 sources compared
CFTC Settles With Former FTX Engineer Singh for $3.7M and Multiple Bans
10 sources compared
Coinbase Wins Conditional OCC Approval for National Trust Charter
26 sources compared