Bitcoin slides as Trump issues Tehran evacuation warning
Cryptocurrency prices declined sharply as Trump left the G7 early and returned to Washington for emergency consultations.
Bitcoin prices slumped on Monday evening as geopolitical tensions in the Middle East worsened. The drop followed Trump’s early G7 exit and reported return to Washington for an emergency White House meeting.
The crypto market reacted quickly to the heightened uncertainty. Bitcoin dropped by over $2,000, falling from an intraday high of $108,780 to around $106,421. Ethereum suffered a steeper decline of nearly 5 per cent, while other leading altcoins shed between 5 and 6 per cent.
According to CoinGlass, roughly $400 million in leveraged positions were liquidated, and overall crypto market capitalisation fell by around $80 billion.
The sell-off followed reports of escalating violence in the region. Embassies, including those of China and Russia, have urged their nationals to leave Israel immediately, citing worsening security conditions, civilian casualties and damage to infrastructure.
The Chinese embassy recommended departure via land borders, while Russia’s ambassador called for all citizens to leave without delay.
Cryptocurrency markets, already volatile since early May, remain highly sensitive to global political risks. Although Bitcoin is still trading above $100,000, further instability could prompt deeper losses if tensions continue to escalate.
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