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Bitcoin drops below $83,000 amid U.S.-Iran tensions and market uncertainty

Market News
28 Sep 2026
Tokenpost
View Source
Bearish
Bitcoin drops below $83,000 amid U.S.-Iran tensions and market uncertainty

Bitcoin fell below $83,000 after failing to sustain gains above $87,000, pressured by uncertainty over potential U.S. military strikes on Iran. More than $30 million in sell orders capped buying momentum, while about $70 million in long positions were liquidated within 24 hours. U.S. stock futures also declined following President Trump's ambiguous comments on possible action against Iran. Analysts warn Bitcoin could return to the $60,000-$80,000 range where it traded earlier in the year, missing the 2026 opening level of $88,700.

Bitcoin's recent trading volatility is underscored by a significant liquidation of about $70 million in long positions within 24 hours. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 28, 2026 15:52 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include AXS with a 7.01% decline and 98% sell order activity, FIL down 6.70% with a majority buy order activity at 59%, and BAT falling 6.58% with 96% sell orders.

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