Iran Breaks Ceasefire With Israel, $500M in Crypto Liquidations Shake Market
Iran's truce violation sparks crypto panic. Bitcoin drops below $105K, $500M in liquidations, and Trump pressures the Fed.
Crypto Laddin
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The fragile calm in global markets shattered today as Iran reportedly violated a ceasefire agreement with Israel, triggering over $500 million in crypto liquidations. Bitcoin tumbled from over $106,000 to below $105,000 within hours, erasing earlier gains.
The ceasefire, brokered by U.S. President Donald Trump, was broken after Israeli Defense Minister Israel Katz accused Tehran of renewed aggression. Iran denied the allegations but stated it was “fully prepared to retaliate.”
Crypto markets reacted sharply: long positions were wiped out as panic selling surged across exchanges. According to CoinGlass, the liquidation total reached $500 million—most of it hitting leveraged traders.
Yet not all were spooked. Analyst Michael van de Poppe tweeted that this may be a buy-the-dip opportunity, noting that Bitcoin is still in an uptrend with key support around $103K.
Adding to the turmoil, Trump criticized Federal Reserve Chair Jerome Powell, demanding immediate rate cuts to counter inflation and support economic recovery, accusing Powell of being “hardheaded.”
As tensions rise in the Middle East and economic policy faces new pressure, traders must now navigate a crypto market driven as much by politics as by price charts.
