Bitcoin’s price dipped sharply Monday night after U.S. President Donald Trump cut his G7 summit visit short and returned to Washington to convene his national security team. The move came amid intensifying concerns over the Israel-Iran conflict and was accompanied by a cryptic Truth Social post: “Everyone should immediately evacuate Tehran!”
Trump’s sudden return rattled global markets, with Bitcoin leading the digital asset sell-off. The cryptocurrency dropped nearly $2,000 within hours, erasing earlier gains and reflecting the wider market’s reaction to growing geopolitical tension.
White House Press Secretary Karoline Leavitt confirmed Trump’s early departure from the Canada-hosted summit, citing “developing circumstances in the Middle East.” Trump offered little additional context, simply telling reporters, “I have to be back early for obvious reasons.”
This event has once again exposed the crypto market’s sensitivity to international political developments. In today’s digital-first financial world, even a single message from a political figure can trigger mass liquidations—evident in the $400 million worth of crypto positions wiped out shortly after Trump’s post.
Bitcoin Drops $2K as Market Volatility Returns
Bitcoin hit a daily high of $108,780 Monday before plunging to $106,421 by evening, a $2,000 drop that underscores the market’s heightened sensitivity to global headlines. Despite holding above the symbolic $100K level, the move marked a notable pullback during an otherwise bullish stretch for digital assets.
Ethereum posted a steeper decline, falling almost 5% to just over $2,500. Most major altcoins followed suit with 5–6% losses across the board as investors moved to reduce exposure. Data from CoinGlass shows that around $400 million in leveraged crypto positions were liquidated during the turmoil.
Altogether, the global crypto market shed roughly $80 billion in value within hours. This kind of rapid drawdown illustrates how geopolitical flashpoints continue to shape risk appetite—even in resilient markets.
Embassies Urge Citizens to Exit Israel
Foreign governments have started issuing evacuation warnings as the Israel-Iran conflict escalates. On Monday, China’s embassy in Israel released an urgent WeChat bulletin, citing rising civilian casualties and urging Chinese nationals to leave “via land crossings without delay,” specifically pointing to Jordan as a safer option.
Russia soon followed. Ambassador Anatoly Viktorov told state media that all Russian citizens should leave Israel immediately due to deteriorating security conditions. The overlapping warnings suggest deepening concern over a broader regional escalation.
Quick Facts
- Bitcoin fell over $2,000 in hours following Trump’s surprise return to Washington and a cryptic warning about Tehran.
- The crypto market shed $80 billion in total value, with $400 million in liquidated positions driven by geopolitical panic.
- Ethereum and major altcoins dropped 5–6% as traders offloaded risk, highlighting market fragility.
- China and Russia urged their citizens to evacuate Israel amid rising civilian casualties and regional instability.
