Bitcoin experienced a sharp $2,000 drop late Monday as news broke that former U.S. President Donald Trump called his advisors to the Situation Room, warning the public to “immediately evacuate Tehran.”
📉 Geopolitical Tensions Trigger Crypto Selloff
The price of Bitcoin fell 2%, from an intraday high of $108,780 to $106,421, shortly after Trump left the G7 summit in Canada early due to the escalating Israel-Iran conflict.
“I have to be back early for obvious reasons,” Trump said to reporters.
The chilling message on Truth Social — “Everyone should immediately evacuate Tehran!” — added to market panic.
📉 Altcoins Suffer Even Bigger Losses
Bitcoin wasn’t the only casualty:
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Ethereum (ETH) dropped 4.8%, falling to support just above $2,500
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High-cap altcoins lost 5% to 6%
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Over $400 million in leveraged positions were liquidated
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Total crypto market cap shrank by $80 billion, according to CoinGlass
🚨 Evacuations and Warnings Across the Region
The crisis in the Middle East intensified with:
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China’s embassy in Israel urging citizens to leave via land borders
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Russia’s embassy also calling for an immediate evacuation of its nationals
“Civilian facilities are damaged and casualties are rising,” warned Chinese authorities on WeChat
📊 Bitcoin Holds Above $100K… For Now
Despite the dip, Bitcoin remains above the $100,000 mark, continuing to trade within a range-bound channel that’s held since early May.
Still, escalating global tensions are reminding crypto investors that macroeconomic and geopolitical events can cause sudden volatility — even for Bitcoin.
For ongoing updates on how global events are shaping crypto markets, visit https://cryptodicenews.blog
