Crypto Market Crash: 5 Reasons Why BTC, ETH, XRP, and Altcoins Price Fell Today

The crypto market crash happened after Israel launched a preemptive strike against Iran, significantly heightening fears of broader conflict in the Middle East. The White House released a statement clarifying that the US played no part in Israel’s decision to strike Iran.

President Donald Trump's Revised Tariff Schedules

Over $3.7 billion in cryptocurrency options are scheduled to expire on Deribit today. The cryptocurrency market is susceptible to potential crashes on options expiration days due to heightened volatility.

Over $1.2 billion in cryptocurrency liquidations occurred in the past 24 hours, with $930 million in long positions liquidated within a 12-hour period.

Whale liquidation events are occurring as Bitcoin, Ethereum, and XRP breach critical support levels.

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