Why Is Crypto Crashing?

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Cryptocurrency markets are falling sharply as geopolitical and financial pressures collide. Bitcoin fell sharply to $63,000 after U.S. and Israeli strikes on Iran triggered panic across global markets. Nearly $75 billion was wiped from crypto’s total value, with over 154,000 traders liquidated and $522 million in forced closures, mostly long positions. BTC futures volume surged to $76 billion, showing heavy leveraged selling rather than organic exits. The total crypto market cap dropped 5.5% to $2.21 trillion as rising war tensions fueled uncertainty and risk-off sentiment.