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Bitcoin drops below $73K after US airstrikes on Iran trigger $1B crypto liquidations

Market News
28 May 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin's price fell below $73,000 following US airstrikes on Iran, causing nearly $1 billion in cryptocurrency liquidations. This geopolitical event has increased market volatility and lowered short-term confidence in Bitcoin staying above $70,000 by May 29. While short-term price expectations have dropped sharply, long-term predictions for Bitcoin reaching new highs remain largely unaffected. Investors should watch for further geopolitical developments and regulatory announcements that could impact Bitcoin's market stability.

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