Bitcoin Drops Below $78,000 as Fears of U.S.–Israel Strikes on Iran Trigger $467M in Liquidations
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May 16, 2026
Bitcoin has dropped sharply since late Friday, falling below $78,000 as escalating rumors of coordinated U.S. and Israeli military strikes on Iran rattled global markets. The sudden decline wiped out over $467 million in long positions, marking one of…