Flash Crash: Bitcoin (BTC) Suddenly Drops After Hitting $74,000

FomoAnxiety · 2026-03-13T21:33:05+00:00

Bitcoin's price dropped 3.5% to $71,200 after reaching $74,000, attributed to market volatility linked to the Iran war. The cryptocurrency has struggled to maintain support above $70,000, declining nearly 22% in the last 12 weeks.

FomoAnxiety

2026-03-13 21:33:05

Geração de resumo em curso

Bitcoin BTC +1.03% ▲ hit a wall in late trading on March 13, suddenly dropping 3.5% after the price reached $74,000.

Claim 70% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Analysts have been quick to blame volatility from the Iran war for the abrupt downturn in Bitcoin’s price as investors’ risk appetite remains up-and-down. The sudden reversal in Bitcoin’s price comes after the Pentagon confirmed that it is deploying 2,500 Marines to the Middle East as Iran increases its attacks around the Strait of Hormuz.

Bitcoin rallied to near $74,000 earlier in the session before reversing sharply lower to $71,200 following news of the Marine deployment. Other cryptocurrencies also fell sharply, including Ethereum ETH +1.53% ▲ and Dogecoin (DOGE).

Crypto Volatility

Bitcoin continues to struggle to stay above the key support level of $70,000. Over the past six months, the price of Bitcoin has fallen from an all-time high of $126,000 and has largely been stuck in a range of $65,000 to $69,000.

Some analysts are saying that Bitcoin might soon bottom and finally reverse higher. However, other analysts continue to urge caution, noting that there are few catalysts on the horizon to move Bitcoin and other cryptocurrencies meaningful higher.

Bitcoin’s Three-Month Performance

The chart below shows that Bitcoin has struggled in recent months and declined nearly 22% in the last 12 weeks as the selloff in cryptocurrencies that began in October 2025 has continued.

Disclaimer & DisclosureReport an Issue

BTC0,3%

ETH0,03%

DOGE-0,1%

Esta página pode conter conteúdos de terceiros, que são fornecidos apenas para fins informativos (sem representações/garantias) e não devem ser considerados como uma aprovação dos seus pontos de vista pela Gate, nem como aconselhamento financeiro ou profissional. Consulte a Declaração de exoneração de responsabilidade para obter mais informações.