Bitcoin&#8217;s bearish momentum hit hardest on the technical charts, with the 
cryptocurrency breaking below all major exponential moving averages by early 
Monday. Trading around $76,750, it sat well beneath the 20-hour EMA at 
$77,580, the 50-hour at $78,120, the 100-hour at $78,767, and the 200-hour at 
$79,350. MACD indicators reinforced the downside pressure, with the line at 
negative 359, the signal at negative 243, and the histogram at negative 116. 
Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On 
Explosive Breakout Geopolitical Shock Hits An Already Weakened Market The 
slide began Sunday night after US President Donald Trump posted a pointed 
warning to Iran on Truth Social: &#8220;For Iran, the Clock is Ticking, and they 
better get moving, FAST, or there won&#8217;t be anything left of them. TIME IS OF 
THE ESSENCE!&#8221; Trump wrote, following stalled diplomatic talks and a call with 
Israeli Prime Minister Benjamin Netanyahu. The post immediately rattled 
financial markets. Oil prices climbed. The US dollar strengthened. Investors 
pulled back from riskier assets — and Bitcoin was among the first to feel it. 
By early Monday, Bitcoin was trading at roughly $76,780, down about 1.55% over 
the prior 24 hours, according to Coingecko data. The day&#8217;s range ran from a 
low near $76,680 to a high of $78,530. Trading volume surpassed $24 billion. 
The drop erased approximately $33 billion from Bitcoin&#8217;s market capitalization 
in a matter of hours. ETF Outflows Had Already Set The Stage The Iran 
headlines landed on a market that was already under pressure. US spot Bitcoin 
ETFs recorded a record single-day net withdrawal of $635 million on May 13 — 
the largest outflow since late January. That figure contributed to a total of 
$1 billion leaving ETF funds over the course of the week, snapping a six-week 
inflow streak. Additional redemptions followed in subsequent sessions, 
pointing to fading institutional appetite after a period of strong buying. 
Broader conditions made things worse. Sticky inflation figures — both PPI and 
CPI — weighed on sentiment. Rising Treasury yields added to the pressure. Thin 
weekend trading liquidity amplified every move. Bitcoin had pushed toward the 
$80,000 to $82,000 range earlier in May, buoyed by optimism around the Clarity 
Act. But repeated failures to break through resistance left the market 
exposed. Profit-taking set in. Related Reading: Warren Zeroes In On Crypto 
Deal Structure As $75M Loan Draws Attention Support And Resistance In Focus 
Traders are now watching two key zones closely. Resistance sits between 
$79,000 and $82,000. Downside support is clustered around $74,000 to $76,000. 
A relief bounce remains possible if geopolitical tensions ease — oversold 
conditions could attract buyers. But if the US-Iran standoff deepens or oil 
prices keep climbing, analysts say the selling pressure is unlikely to let up 
quickly. Featured image from Atta Kenare/AFP via Getty Images|Charly 
Triballeau/AFP via Getty Images, chart from TradingView

Bitcoin&#8217;s bearish momentum hit hardest on the technical charts, with the cryptocurrency breaking below all major exponential moving averages by early Monday. Trading around $76,750, it sat well beneath the 20-hour EMA at $77,580, the 50-hour at $78,120, the 100-hour at $78,767, and the 200-hour at $79,350. MACD indicators reinforced the downside pressure, with the &#8230;

Trump’s Iran Warning Sends Bitcoin Tumbling Below $77K In Risk-Off Shock

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Trump’s Iran Warning Sends Bitcoin Tumbling Below $77K In Risk-Off Shock

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