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Bitcoin and major cryptos fall after Trump's warning to Iran raises geopolitical fears.

Market News
17 May 2026
Benzinga
View Source
Bearish
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Bitcoin dropped below $77,000 and other major cryptocurrencies like Ethereum, XRP, and Dogecoin also declined following President Donald Trump's warning to Iran, which heightened geopolitical tensions. Over $580 million in crypto positions were liquidated within four hours, signaling strong market fear. Analysts warn that if Bitcoin falls below key support levels around $75,000-$76,000, it could see further declines toward $60,000. Stock futures also fell, reflecting broader market unease amid the geopolitical risks.

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