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Bitcoin drops below $73,000 as US strikes on Iran spark $1 billion liquidations

Crypto CoinDesk By Shaurya Malwa 28 May 2026 04:25 1 min read
Bitcoin drops below $73,000 as US strikes on Iran spark $1 billion liquidations

Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited the conflict markets had started to price out.

Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited the conflict markets had started to price out.

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