Trump just killed the Iran ceasefire, and the crypto market felt it almost immediately. Bitcoin dropped below $62,000, the Dow shed over 500 points, and nearly $450 million in crypto positions got liquidated — all within hours. Here’s what actually happened and why it matters more than a typical “geopolitical dip.”
What Sparked the Selloff
On July 8, President Trump told NATO leaders that the ceasefire with Iran is “over” and called further negotiations a “waste of time.” This wasn’t just rhetoric. The U.S. Central Command confirmed it struck more than 60 IRGC small boats in the Strait of Hormuz to stop them from disrupting shipping routes. Iran fired back with attacks on Kuwait and Bahrain.
The result? Oil prices jumped…
