Crypto Market Crash Today: How US-Israel Strike on Iran Sparked a $107 Billion Drop
Crypto Market Crash Today: How Sparked a $107 Billion Drop
The crypto world is in red today. The total market value dropped by over $107 billion in just 24 hours. It now sits at $2.20 trillion. Bitcoin fell below $65,000, and many altcoins lost big too. What happened? A big geopolitical event shook investors. Let’s break it down step by step.
The Main Trigger:
News hit hard: The US and Israel launched a joint attack on Iran. This raised tensions in the Middle East. Israel declared a state of emergency across the country. Such events make people scared. They sell risky assets like crypto and buy safe ones like gold or US dollars.
Bitcoin dropped to as low as $63,000 right after the news. That’s a nearly 7% loss in a day. The whole crypto market, called TOTAL, broke below a key support at $2.22 trillion. Now, it’s testing lower levels.
- Total market cap: Down $107B to $2.20T
- Bitcoin (BTC): From $67,500 to $64,263 (-4%)
- Altcoins: Many down 10-15%
Geopolitical risks always hit crypto hard. It’s still a young market. Investors pull out fast when wars or strikes look real.
Regulatory Roadblocks Add Pressure
It’s not just war news. US politics stalled crypto progress too. The White House pushed for changes in the CLARITY Act. This bill aims to clarify rules for stablecoins. But talks failed. Banks and crypto groups can’t agree on yield-bearing stablecoins. These are stablecoins that pay interest.
Without clear rules, investors worry. Stablecoins are key for crypto trading. Delays mean more uncertainty. This fueled the sell-off.
Bitcoin’s Technical Breakdown
Look at BTC chart. It lost the $65,000 support. This turns the short-term trend bearish. Price now eyes $62,893 next. If it breaks that, $60,000 could be in play. That’s a big psychological level.
But hope is there. If BTC holds and climbs back above $65,000, bulls might return. Next targets: $68,830 then $70,000. A break above would flip the mood positive.
Altcoins Hit Hard: STABLE’s 15% Plunge
STABLE token was the biggest loser. It fell 15% after hitting a new all-time high. Profit-taking kicked in, plus market fear. Now, $0.030 support is key. Break it, and $0.0254 is next.
Like BTC, recovery is possible. Hold $0.030, and it could retest $0.039 ATH. Broader market mood will decide.
What’s Next for the Crypto Market?
Watch global stocks Monday. If they open low, crypto selling could worsen. TOTAL might hit $2.13 trillion support.
Good news? If markets stay calm, we could stabilize. Reclaim $2.22T, and $2.30T is possible soon.
| Asset | 24h Change | Key Support | Key Resistance |
|---|---|---|---|
| TOTAL | -5% | $2.13T | $2.22T |
| BTC | -4% | $62,893 | $65,000 |
| STABLE | -15% | $0.030 | $0.039 |
Why Does Crypto React So Much to World Events?
Crypto is a risk asset. Like stocks, it falls in fear times. But it’s more volatile. No big banks back it yet. News spreads fast on social media. Traders react in seconds.
Past examples: Russia-Ukraine war in 2022 crushed crypto. COVID crash did too. Each time, it bounces back stronger if fundamentals hold.
Tips for Traders in This Dip
- Stay calm: Panics create buys.
- Watch supports: Buy near key levels.
- Diversify: Don’t go all-in on one coin.
- Follow news: Geopolitics and US policy matter.
- Use stop-loss: Protect from more drops.
Final Thoughts
Today’s
Stay updated. Crypto moves quick.
