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Bitcoin drops below $66K, wiping out $440M in crypto amid Trump’s tough Iran rhetoric.

Market News
02 Apr 2026
Bitcoin
View Source
Bearish
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Bitcoin fell below $66,000 after President Trump's aggressive comments on Iran reversed prior gains, wiping out $440 million in crypto liquidations. The drop reduced bitcoin's market cap by $40 billion and dragged the overall crypto market to $2.38 trillion. Analysts warn that $65,500 is a critical support level; breaching it could trigger more forced sell-offs amid ongoing geopolitical tensions. The situation highlights bitcoin’s role as a risk barometer amid uncertain U.S.-Iran relations and challenges to U.S. dollar dominance.

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