Bitcoin Slips Toward $62K as US-Iran Deal Collapse Triggers $192M Liquidations

Bitcoin fell toward the $62,000 area after the US-Iran peace deal collapsed, sparking $192 million in liquidations across BTC, ETH and XRP on June 19. The reversal erased relief-driven gains that lifted BTC briefly above $67,200 and the total crypto market cap to $2.29 trillion earlier in the week. Hawkish Fed signals on June 17-18 had already triggered a plunge to $63,900 and $440 million in liquidations, with $5.4 billion in spot Bitcoin ETF outflows compounding the selloff. Sentiment remains in extreme fear despite the earlier geopolitical optimism.