{"id":96346,"date":"2026-05-28T08:04:44","date_gmt":"2026-05-28T08:04:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96346"},"modified":"2026-05-28T08:04:44","modified_gmt":"2026-05-28T08:04:44","slug":"2-reasons-bitcoin-price-crashed-below-73000-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96346","title":{"rendered":"2 Reasons Bitcoin Price Crashed Below $73,000 Today"},"content":{"rendered":"
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Bitcoin\u2019s price tumbled, losing more than 3.5% in the past 24 hours.<\/p>\n

The move saw the cryptocurrency decline by over $2,000, resulting in elevated liquidations across derivatives positions, which currently amount to slightly less than $1 billion.<\/p>\n

\"BTCUSD_2026-05-28_11-00-24\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

There are a few reasons for this, so let\u2019s have a look at the most likely ones.<\/p>\n

US Resumes Strikes on Iran<\/h2>\n

As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier today, the US resumed strikes on Iran. To be precise, they targeted an Iranian military site, while the US shot down a total of four Iranian drones, which posed a threat around the Strait of Hormuz, according to available coverage.<\/p>\n

Speaking on the matter, an official told Reuters:<\/p>\n

\n

\u201cThese actions were measured, purely defensive, and intended to maintain the ceasefire.\u201d<\/p>\n<\/blockquote>\n

That said, there already was a retaliation on behalf of Iran, which struck a US base in Kuwait. The country\u2019s IRGC released a statement, confirming the attack, and saying that \u201caggression will not go unanswered.\u201d<\/p>\n

Oil prices surged on the news, rising 5% and putting additional strain on the global economy, which in turn had an immediate impact on Bitcoin\u2019s price. The latter is widely seen as a risk-on asset, meaning that geopolitical uncertainty is much more likely to negatively impact its short-term value.<\/p>\n

$1.3B Block Sale on BlackRock<\/h2>\n

Yesterday, we reported<\/a> that someone offloaded 29 million shares of IBIT (BlackRock\u2019s spot Bitcoin ETF). That position alone was worth a whopping $1.3 billion, officially making it the largest block trade of this kind and marking the largest single-day outflow from BTC ETFs.<\/p>\n

Now that we have more context, it raises the question: did the entity have inside information about what\u2019s to come?<\/p>\n

Speculation aside, spot Bitcoin ETFs have grown to a position of importance and liquidating large portions surely have more than just an immediate impact on the price. They signal confidence (or the lack of) in the asset and a $1.3 billion block sale is surely to raise more than just a few eyebrows.<\/p>\n

The post 2 Reasons Bitcoin Price Crashed Below $73,000 Today<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price tumbled, losing more than 3.5% in the past 24 hours. The move saw the cryptocurrency decline by over $2,000, resulting in elevated liquidations across derivatives positions, which currently amount to slightly less than $1 billion. Source: TradingView There are a few reasons for this, so let\u2019s have a look at the most likely […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96346","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96346"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96346\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}