🚨 Iran escalation killed the rally

Bitcoin drops 3.5% as Iran escalation kills the rally — plus the whale who made $2.5M on Trump memecoin news. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thursday, March 13, 2026 Bitcoin quickly drops 3.5% as fresh Iran escalation short-circuits crypto rally ▼ Fresh news of escalating military action in the Middle East put an abrupt end to bitcoin's rally ▼ The S&P 500 and Nasdaq also flipped early morning gains into losses, with oil climbing more than $4/barrel from its intraday lows Read the full story → Additional coverage One mysterious investor made $2.5 million profit in hours by betting big on the latest Trump gala news A dormant crypto whale bet $7 million on the Trump memecoin after a new Mar-a-Lago gala was announced, sparking a 60% rally for the struggling token. Read more → Ethereum Foundation publishes new mandate defining its role, core principles The document comes at a point of transition for the organization, following shifts in the blockchain's technical roadmap and the resignation of a co-executive director. Read more → 🎤 Don't just read crypto's top stories — experience them See all of CoinDesk's newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.