Bitcoin Slides to $66.6K as Trump's Iran Threats Spark Risk-Off Selloff
Bitcoin tumbled 3.65% to $66.6K today as Trump's Iran threats fueled a risk-off mood, with Fear & Greed at 27. Technicals show oversold signals amid weak trends, eyeing $64.5K support.
Bitcoin dropped 3.65% over the past 24 hours to $66,628, erasing yesterday's gains amid heightened geopolitical tensions. The broader crypto market followed suit, with total market cap slipping to $2.30 trillion and 24-hour volume at $100 billion. BTC dominance held steady at 58.04%, reflecting its role as a risk barometer during uncertainty.
The Fear & Greed Index plunged to 27, firmly in 'Fear' territory, underscoring investor caution as President Trump's primetime address warned of striking Iran 'extremely hard,' pressuring risk assets across stocks, crypto, and commodities. Gold surged as a safe-haven while altcoins showed mixed performance, with some outperforming on niche news like quantum security developments.
On-chain metrics reveal resilience despite the dip: exchange outflows persist from long-term holders, and ETF inflows ticked positive modestly (+$70M), led by ARKB and FBTC. However, big holders' selling outweighed buying pressure, with CryptoQuant noting potential short-term rebound if tensions ease. X sentiment echoes caution, with traders eyeing $64K-$68K range and bearish MACD signals.