Bitcoin saw a sudden reversal after climbing above eighty thousand five hundred dollars, as rising tensions between Iran and the United States triggered panic across the market.
The selloff followed reports from Iranian state affiliated sources, cited by Al Jazeera, claiming that two missiles struck a US Navy vessel near Jask in the Strait of Hormuz after it allegedly ignored warnings from the Revolutionary Guard.
The developments came shortly after Donald Trump announced a new naval operation aimed at escorting ships through the Strait, describing it as a humanitarian effort intended to support regional stability, particularly involving Iran.
Markets reacted instantly. Bitcoin’s earlier rally was cut short, with the price falling দ্রুত toward seventy eight thousand dollars after reaching its highest level in more than three months earlier in the day.
The broader crypto market followed the decline, with most altcoins also turning lower. Liquidations surged to around four hundred fifty million dollars over twenty four hours, including more than seventy million dollars in long positions wiped out within a single hour, according to CoinGlass.
Roughly one hundred ten thousand traders were liquidated during this period, highlighting the scale of the sudden market shift.
Conflicting Reports Emerge
Shortly after the initial claims, US military officials denied that any American warship had been struck. Meanwhile, authorities in the United Arab Emirates reported that a tanker linked to ADNOC had been hit in the Strait instead, with no injuries reported.
The conflicting accounts added further uncertainty, intensifying volatility across both geopolitical and financial markets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
