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Bitcoin Crashes Below $68,000: Geopolitical Tensions and Soaring Treasury Yields Trigger Crypto Sell-Off

Bitcoin Crashes Below $68,000: Geopolitical Tensions and Soaring Treasury Yields Trigger Crypto Sell-Off

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2026-03-23 06:48:50

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Why is Bitcoin crashing today?

Bitcoin plunged below $68,000, signaling a sharp correction as global markets brace for heightened geopolitical risk. The sell-off accelerated amid a 17-hour deadline from President Trump concerning Iran and the Strait of Hormuz, while soaring Treasury yields added intense pressure across all risk assets. The benchmark 10-year yield surged to 4.40%, its highest level in years, sparking a broad flight to safety that also wiped approximately $2 trillion from the combined market value of gold and silver within hours.

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