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Bitcoin drops below $73K after US-Iran conflict triggers $1B crypto liquidations

Market News
28 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin fell below $73,000 following US military strikes on an Iranian site near the Strait of Hormuz, causing about $1 billion in leveraged crypto positions to liquidate, mostly long positions. BlackRock's Bitcoin ETF saw $527.8 million withdrawn, contributing to a total $733.4 million outflow from Bitcoin spot ETFs on May 27. The broader crypto market lost over $40 billion in value amid escalating geopolitical tensions and institutional sell-offs. The market now faces key technical levels, with potential further declines if support breaks or recovery if prices rise above resistance.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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DMG Blockchain invests in fintech MeetAmi and AI firm Atomic47 to expand digital asset and AI data center services

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Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

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Technical Signals
Neutral
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Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...

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Standard Chartered partners with Broadcom to build a secure private cloud for global banking services.

Standard Chartered partners with Broadcom to build a secure private cloud for global banking services.

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