The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp).<\/p>\n
The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even the reported deal between the US and China couldn\u2019t save BTC.<\/p>\n
Although the ceasefire between the two sides was extended several weeks ago, there has been little to no progress on striking an actual and permanent peace deal. In fact, each proposal sent by Iran has been rejected by the Trump administration, with one of the latest deemed \u201ctotally unacceptable.\u201d<\/p>\n
He went further recently, indicating that the ceasefire is hanging by a thread, and returned his focus to the war after the trip to Beijing concluded. In a fresh post on Truth Social, Trump warned that Iran\u2019s clock is ticking. He urged<\/a> them to \u201cbetter get moving, FAST, or there won\u2019t be anything left of them,\u201d before adding that \u201cTIME IS OF THE ESSENCE.\u201d<\/p>\n This message came hours after the Times of Israel reported that Trump had met with Israel\u2019s Prime Minister Benjamin Netanyahu on Sunday to discuss the war developments.<\/p>\n As mentioned above, BTC slipped to just under $76,700 for the first time since the start of the month after a quiet Sunday. The liquidations rocketed to over $660 million on a 24-hour scale, while more than $610 million came in 1-2 hours when BTC and the rest of the market crashed after the aforementioned statement. Thus, the cryptocurrency is down<\/a> by over $5,000 since the Thursday evening peak of $82,000.<\/p>\n <\/a>BTCUSD May 18. Source: TradingView<\/p>\n After Trump\u2019s visit to Beijing concluded, the two sides published contradicting statements on whether they had reached any deals or not. The most recent, cited by The Kobeissi Letter, indicated that China had indeed agreed to several US demands, including an initial purchase of 200 American-made Boeing aircraft for local airlines, buying at least $17 billion per year of US agricultural products in 2026, 2027, and 2028, and more.<\/p>\n However, none of those managed to impact the crypto market positively, but more volatility is expected later this week due to these four factors<\/a>.<\/p>\n BREAKING: The White House announces multiple US-China trade deals and developments following President Trump\u2019s meeting with China\u2019s President Xi.<\/p>\n Details include:<\/p>\n 1. China will address US concerns regarding supply chain shortages related to rare earths and other critical\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) May 18, 2026<\/a><\/p>\n\n The post $660M Liquidated as Bitcoin Crashes on Trump-Iran Escalation Fears<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167036","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167036"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=167036"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167036\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}US-China Deal<\/h2>\n
![<\/a>BTCUSD May 18. Source: TradingView<\/p>\nUS-China Deal<\/h2>\nAfter Trump\u2019s visit to Beijing concluded, the two sides published contradicting statements on whether they had reached any deals or not. The most recent, cited by The Kobeissi Letter, indicated that China had indeed agreed to several US demands, including an initial purchase of 200 American-made Boeing aircraft for local airlines, buying at least $17 billion per year of US agricultural products in 2026, 2027, and 2028, and more.<\/p>\nHowever, none of those managed to impact the crypto market positively, but more volatility is expected later this week due to these four factors<\/a>.<\/p>\nBREAKING: The White House announces multiple US-China trade deals and developments following President Trump\u2019s meeting with China\u2019s President Xi.<\/p>\nDetails include:<\/p>\n1. China will address US concerns regarding supply chain shortages related to rare earths and other critical\u2026<\/p>\n\u2014 The Kobeissi Letter (@KobeissiLetter) May 18, 2026<\/a><\/p>\n\nThe post $660M Liquidated as Bitcoin Crashes on Trump-Iran Escalation Fears<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167036","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167036"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=167036"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167036\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/BTCUSD-May-18.png\"){kind=link}