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Bitcoin and major cryptocurrencies plunge after Iran rejects U.S. peace deal, sparking market fear and heavy liquidations.

Market News
27 Mar 2026
Benzinga
View Source
Bearish
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Bitcoin dropped to around $66,000 amid a broad sell-off triggered by Iran's rejection of a U.S. peace proposal, which increased risk aversion in markets. This led to $447.7 million in liquidations over 24 hours and significant outflows from Bitcoin and Ethereum ETFs, totaling $171.2 million and $92.5 million respectively. Analysts expect further downside for Bitcoin and Ethereum, with key support levels being tested. However, some indicators suggest a potential short-term rebound for Solana. The market remains cautious as geopolitical tensions weigh on crypto sentiment.

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