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Bitcoin crashes below $76,000 after $2,000 flash drop amid US-Iran tensions and $350M liquidations

Market News
26 May 2026
Bitcoin
View Source
Bearish
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Bitcoin experienced a sharp $2,000 flash crash on Tuesday morning, dropping below the key $76,000 support level shortly after peaking at $78,000. This sudden volatility wiped out recent weekend gains fueled by hopes of a US-Iran diplomatic breakthrough, which were dashed by military clashes in the Strait of Hormuz. The turmoil triggered nearly $350 million in liquidations across the crypto market, including $100 million in leveraged positions on Bitcoin alone. Despite ongoing tense talks between the US and Iran, Bitcoin remains volatile and is on track for its fourth consecutive month of losses in 2026.

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