Bitcoin sinks below $75K with $945M in leveraged bets crushed as Trump weighs Iran strikes
Bitcoin's value has dropped below $75,000 amid significant liquidations in the crypto market. Approximately $945 million in leveraged bets were wiped out during this selloff, driven by geopolitical tensions regarding Iran. President Trump has altered his schedule due to concerns over potential military action, further impacting market sentiment.
- ▪Bitcoin fell to $74,300 as geopolitical tensions escalated.
- ▪The crypto market experienced $945 million in liquidations due to the selloff.
- ▪President Trump canceled personal plans to address the situation with Iran.
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| Original publisher | Crypto Briefing |
| Canonical URL | https://cryptobriefing.com/bitcoin-sinks-below-75k-with-945m-in-leveraged-bets-crushed-as-trump-weighs-iran-strikes/ |
| Publication time | Sat, 23 May 2026 08:41:06 +0000 |
| Retrieval time | 2026-05-23T09:07:26.171Z |
| Last seen | 2026-05-23T09:07:26.171Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | Z-vodMsePMyO |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Bitcoin sinks below $75K with $945M in leveraged bets crushed as Trump weighs Iran strikes Over the past 24 hours, the crypto market saw approximately $945 million in liquidations as leveraged positions were rapidly wiped out during the selloff. Share Add us on Google by Vivian Nguyen May. 23, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Crypto markets extended their losses overnight after Bitcoin dropped under $76,000 on Friday…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
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