The post Why is crypto market crashing today? (March 19) appeared on BitcoinEthereumNews.com.

The global crypto market fell sharply on Thursday as new geopolitical and macroeconomic concerns threw cold water on investor appetite for risk assets. Summary Crypto markets dropped sharply as escalating Middle East tensions and hotter U.S. PPI data weakened investor appetite, pushing Bitcoin down nearly 5% to around $70,600. Global markets declined alongside crypto, with stocks and precious metals falling while oil surged to record highs amid disruptions at key energy supply routes. Over $480 million in long positions were liquidated across crypto markets, amplifying downside pressure as rate cut expectations diminished following Powell’s remarks. Bitcoin (BTC), the bellwether asset, dropped nearly 5% to $70,600 on Thursday, down from the $74,000 levels seen the previous day. Ethereum (ETH) fell 6% to $2,187, while XRP (XRP), BNB (BNB), Solana (SOL), and Dogecoin (DOGE) experienced losses ranging between 3% and 6%.  Zcash (ZEC), Worldcoin (WLD), and LayerZero (ZRO) bore some of the steepest losses amid the market-wide drop that brought the total crypto market capitalization down to $2.51 trillion. Crypto prices fell sharply shortly after Israel launched an unprecedented cyber and drone attack on Iran’s largest gas facility, South Pars. According to reports, the massive complex powers nearly 70% of the nation’s domestic gas supply, the loss of which has threatened the country’s power grid. The strike comes amid an escalating energy war between the U.S., Israel, and Iran, which has led to a blockade at the Strait of Hormuz, a key waterway for global oil transit, and sent crude oil and gas prices soaring to record highs. Iran had earlier vowed to push oil prices to as high as $200. The latest attack has not only shaken the crypto market but has rippled across traditional finance as well. Notably, Gold has dropped 2.1% over the day, casting investors’ doubts over its…

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Filed under: News - @ March 19, 2026 8:24 am