Bitcoin falls below $66K as US and Iran launch new strikes
Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day....
Key takeaways
- 1Bitcoin fell below $66,000, dropping $4,500 in a single day—its largest daily fall since early February.
- 2277,000 traders faced liquidation worth $1.83 billion in 24 hours, with over 90% being long positions.
- 3US-Iran military strikes and stalled ceasefire talks triggered the decline, though leverage and ETF outflows amplified selling pressure.
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Why it matters
Geopolitical tensions directly correlate with crypto volatility, impacting Indian retail investors' portfolio risks. The $150 billion market cap exodus signals broader market weakness that could extend downward if macro conditions deteriorate or leverage unwinds further.
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
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Prediction market traders bet bitcoin's selloff has further to run
Prediction market traders are wagering bitcoin will fall further, pricing 66% odds of sub-$55,000 and 50% odds below $50,000 by year-end. Heavy ETF outflows and investors rotating toward AI stocks pressure BTC near $65,000. Capital fleeing crypto isn't entirely leaving the ecosystem—stablecoins USDT and USDC are gaining share as traders raise cash awaiting better entry points.
