Bitcoin falls to $76K after Trump says ‘clock is ticking’ for Iran

Bitcoin (BTC) dropped to $76,000 during the aboriginal Asian trading hours connected Monday arsenic US-Iran tensions resurfaced. 

Key takeaways

• Bitcoin falls to $76,500 arsenic bearish momentum becomes progressively tied to geopolitical developments.
• Over $607 cardinal successful agelong positions person been liquidated successful the past 24 hours.
• Bitcoin traders accidental enactment astatine $76,000 should clasp to debar a BTC terms driblet to $65,000.

Bitcoin hits three-week lows with 7% drop

Data from TradingView showed BTC terms dropped arsenic overmuch arsenic 7% implicit the past 3 days to three-week lows of $76,500, erasing each the gains made since May 1. 

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

The losses travel conscionable days aft BTC/USD reached 13-week highs astir $83,000, boosted by strong inflows into spot exchange-traded funds and optimism surrounding the US CLARITY Act.

Related: BTC terms 'bull trap' astatine $76.5K? Five things to cognize successful Bitcoin this week

On Sunday, however, US President Donald Trump issued caller threats against Iran regarding delays successful the bid agreement, informing that the “clock is ticking.”

Source: TruthSocial/Donald J. Trump

“Trump confirms the timepiece is ticking for Iran. The US is allegedly preparing for a imaginable caller subject cognition against Iran,” expert CryptoRover said successful a Monday station connected X, adding:

“This is highly unsafe for $BTC.”

The determination successful Bitcoin was accompanied by $607 cardinal successful agelong liquidations implicit the past 24 hours, with BTC agelong liquidations accounting for $190 million.

This brought the full liquidations crossed the crypto marketplace implicit the past 24 hours to $677 million.

Total crypto liquidation crossed each exchanges. Source: CoinGlass

Oil besides saw volatility, with WTI rising implicit 3% successful a substance of hours to $104 per tube earlier correcting to $101.

CFDs connected WTI crude lipid one-hour chart. Source: Cointelegraph/TradingView

“WTI surged supra $103 arsenic Trump publically mislaid patience with stalled bid talks and a waiver for Russian crude income expired, adding to proviso fears astir the still-disrupted Strait of Hormuz,” trading assets Capital.com said successful a Monday X post, adding:

“Higher lipid means hotter aboriginal inflation, reinforcing higher-for-longer Fed expectations and lifting some the dollar and yields — a pugnacious combination.”

Bitcoin traders accidental bears “back successful the driver’s seat”

Bitcoin traders, meanwhile, looked astatine the method setup for clues arsenic to wherever the terms mightiness caput next.

Analyst CryptoJelleNL said that a bearish divergence from the comparative scale arsenic BTC/USD ran into absorption astatine $82,000 was liable for the “pullback we're successful close now,” adding:

“Bears getting backmost successful the driver's seat?”

BTC/USD regular chart. Source: X/CryptoJelleNL

MN Capital laminitis Michael van de Poppe said contiguous enactment astatine $76,000 should clasp to “prevent a market-wide crash.”

An accompanying illustration showed different enactment levels to ticker if this country is lost, including the $71,000-$73,000 request portion and the section debased astatine $65,000.

BTC/USD chart. Source: X/Michael van de Poppe

The section debased astatine $65,000 coincides with the people of an inverted V-shaped pattern, arsenic shown connected the regular illustration below. This represents a 16% driblet from the existent price.

BTC/USD regular chart. Source: Cointelegraph/TradingView

Note that the BTC/USD brace experienced a akin crisp correction of the aforesaid magnitude aft being rejected by the 200-day moving averages successful April 2025.