Geopolitical tensions are adding fuel to the fire in the crypto market.
This morning, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had struck and destroyed a U.S. early-warning radar in Bahrain in retaliation for an airstrike on a telecommunications tower in Sirik, southern Iran. There has been no independent confirmation, and neither the U.S. nor Bahrain has commented — but Bahrain is home to the U.S. Navy’s Fifth Fleet headquarters.
Bitcoin fell below $69,000, hitting an intraday low of $68,943 — down about 6% in 24 hours and nearly 45% below its record high in October 2025. Ethereum also fell below $2,000. More than $1.3 billion in leveraged positions were liquidated in 24 hours, with BTC accounting for $677 million.
The DXY has risen above 103, its highest level in 19 months, while expectations of a Fed rate hike in December are weighing on risk assets. Tonight at 20:30 (Vietnam time), the U.S. will release its October PPI report.
Amid the widespread downturn, $WBT has fallen the most among coins not recently mentioned: down 6.54% in 24 hours to $66.28.
Do you think BTC will hold the $68,000 level or continue sliding toward $65,000?
#CryptoNews #Bitcoin #BTC #Geopolitics
This morning, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had struck and destroyed a U.S. early-warning radar in Bahrain in retaliation for an airstrike on a telecommunications tower in Sirik, southern Iran. There has been no independent confirmation, and neither the U.S. nor Bahrain has commented — but Bahrain is home to the U.S. Navy’s Fifth Fleet headquarters.
Bitcoin fell below $69,000, hitting an intraday low of $68,943 — down about 6% in 24 hours and nearly 45% below its record high in October 2025. Ethereum also fell below $2,000. More than $1.3 billion in leveraged positions were liquidated in 24 hours, with BTC accounting for $677 million.
The DXY has risen above 103, its highest level in 19 months, while expectations of a Fed rate hike in December are weighing on risk assets. Tonight at 20:30 (Vietnam time), the U.S. will release its October PPI report.
Amid the widespread downturn, $WBT has fallen the most among coins not recently mentioned: down 6.54% in 24 hours to $66.28.
Do you think BTC will hold the $68,000 level or continue sliding toward $65,000?
#CryptoNews #Bitcoin #BTC #Geopolitics
