Home » Crypto Market News » Trump Iran Strikes Push Bitcoin Under $77K as Oil Jumps  Surging oil and cascading liquidations send Bitcoin below short-term holder cost basis. The crypto market faced renewed selling pressure on Tuesday, November 3, as geopolitical tensions flared again in the Middle East. Total crypto market capitalization fell 1.7% following reports of military actions on Iran’s Qeshm Island, reviving fears of a prolonged conflict and pushing oil higher.