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Bitcoin, XRP fall as US strikes in Iran dampen peace hopes, triggering $200M crypto sell-off

Market News
26 May 2026
FXEmpire
View Source
Bearish
pluang ai news

Bitcoin, Ether, and XRP led a broad crypto market decline after fresh US military strikes in Iran diminished hopes for a near-term peace deal. Over $200 million in crypto positions were liquidated within 24 hours, including $115 million in long bets, catching bullish traders off guard. Rising oil prices and inflation fears have increased expectations for Federal Reserve rate hikes, adding pressure on risk assets like cryptocurrencies. Technical analysis suggests further downside risk for Bitcoin and XRP if key support levels break, signaling potential deeper losses ahead.

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