The crypto market moved lower in the short term, led by Bitcoin, after it broke below a key support level. This decline follows geopolitical tensions linked to U.S. President Donald Trump and Iran.
Reports suggested a warning of possible military action within 48 hours, which created uncertainty across global markets. Within minutes of the news, heavy liquidations in futures trading pushed prices down sharply.
Bitcoin Price Crashing Today
Bitcoin fell from around $71,000 to nearly $68,000, breaking below the $69,000–$69,500 range. This level is now expected to act as resistance.
The earlier rejection near $71,000–$72,000 played a key role in the move, as the price dropped toward the $68,000 area where selling pressure had been building. With that zone now cleared, one immediate downside trigger has eased. The next support lies around $65,500–$66,000, while broader resistance remains between $72,000 and $76,000.
Despite the drop, there are early signs that price could steady in the next 12 to 24 hours, with a chance of a small bounce or sideways movement, though upside remains limited.
Ethereum and XRP Price Drop
Ethereum followed Bitcoin’s move and showed similar weakness. It dropped after failing to hold above the $2,150–$2,200 range, which has now turned into resistance again. The major resistance for Ethereum remains between $2,200 and $2,400. While it is nearing levels where a short-term bounce is possible, overall momentum remains weak.
XRP price also moved lower after repeated rejections near $1.45–$1.47. It has now fallen back toward $1.37, where it recently found short-term support. If prices fall further, the next support range is between $1.30 and $1.35, while resistance remains around $1.42–$1.43. Like Bitcoin and Ethereum, XRP is also nearing levels that could bring a brief pause in selling.
Short-Term Relief Possible, But Trend Still Weak
There are early signs that the market may slow down, as selling pressure is easing slightly, even though prices are still falling. This could lead to a short bounce or prices moving sideways for a while.
However, the broader trend remains weak. Even though conditions are similar to past moments that led to temporary recoveries, there is no clear sign of a full reversal yet. The next move may also depend on how traditional markets react. If stocks and forex markets continue to fall, crypto could face more pressure.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Crypto is crashing due to global uncertainty, rising liquidations, and Bitcoin breaking key support, which is pulling the entire market lower.
A short-term bounce is possible, but the overall trend remains weak, and recovery depends on market stability and global financial conditions.
Yes, geopolitical tensions increase uncertainty, trigger risk-off sentiment, and lead to liquidations, which can push crypto prices lower in the short term.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.