Bitcoin, Ethereum Rejected Amid Trump's Iran Warning

Cryptocurrency markets retreated on Tuesday amid President Donald Trump's warnings to Iran. Bitcoin dived below $77,000, while Ethereum fell beneath $2,400. XRP and Dogecoin also corrected, with losses of 3.29% and 2.38%, respectively.

The global cryptocurrency market capitalization contracted by 1.86% over the last 24 hours, reaching $2.60 trillion. Long liquidations spiked, with over $250 million liquidated after the drop in spot prices, according to Coinglass data.

CryptoQuant noted that Bitcoin's underlying on-chain structure appears weaker than the price rally suggests, with holders consistently realizing profits. The Net Realized Profit and Loss indicator saw two major spikes last month, among the largest this year outside the January-February crash.