Bitcoin Dips to $78,611 on May 15 as Trump Iran Remarks Push Oil Above $105
On May 15, bitcoin fell to an intraday low of $78,611 before rebounding above $79,000 as risk sentiment soured after the U.S.–China summit ended without a trade breakthrough. Oil prices jumped after U.S. President Donald Trump suggested Washington may need to do "clean-up work" in Iran, with WTI briefly topping $105 and Brent settling at $109. The selloff coincided with $382 million in long liquidations across crypto, including $86 million in bitcoin longs.