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Bitcoin drops below $77,000 amid US-Iran tensions triggering $500M crypto liquidations

Market News
18 May 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin's price fell below $77,000 due to escalating US-Iran geopolitical tensions, causing rapid crypto market liquidations exceeding $500 million. The decline followed US President Trump's stern warning to Iran and stalled diplomatic talks, raising fears of renewed military action. Despite short-term selling pressure, analysts see the drop as a normal correction after a strong rally, with key support around $76,000. If this support holds, Bitcoin may recover toward $80,000; if broken, a deeper decline toward $71,000 is possible.

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