Photo illustration shows Bitcoin and Ethereum coins held in front of trading screens displaying cryptocurrency market charts and price movements. (Adobe Stock Photo)
May 28, 2026 11:04 AM GMT+03:00
Cryptocurrencies lost roughly $80 billion in market capitalization over the past 24 hours after fresh U.S. military strikes on Iran rattled investors, reigniting fears of a broader regional conflict resuming.
Bitcoin fell below $73,000, dropping more than 3.5% to around $72,640, its weakest level since early April, while ethereum slid more than 4% to below the key $2,000 level at around $1,980 as traders pulled back from risk assets.
The sell-off also triggered nearly $1 billion in liquidations across leveraged crypto positions,…
