Crypto markets plunged back into extreme fear territory after U.S. airstrikes on Iran triggered a broad risk-off selloff across digital assets. Bitcoin dropped to $72,744, down 3.84% on the day, while Ethereum slid to $1,973, a loss of nearly 5%. Total crypto market cap fell to $2.55 trillion, and the Fear & Greed Index collapsed to 22 — deep in extreme fear.
Nearly $1 billion in leveraged crypto positions were liquidated within 24 hours, underscoring how quickly geopolitical shocks can unwind crowded long positions in thin liquidity conditions. BTC dominance held at 57.3%, suggesting altcoins bore a disproportionate share of the selling pressure, with the Altcoin Index printing just 34 out of 100.
The macro shock hit institutional flows hard: BlackRock's spot Bitcoin ETF (IBIT) recorded $528 million in single-day outflows — the second-largest daily redemption in the fund's history.
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