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875 Crypto slides on Hormuz airstrikes as $897 million in long liquidations pile up

CoinDesk
Oliver Knight @ CoinDesk · 05/28/2026 06:44 EDT

Crypto slides on Hormuz airstrikes as $897 million in long liquidations pile up

BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs.

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