Black Thursday saw Bitcoin take a plunge, with Iran-U.S. Tensions Rising

BlockBeats News, May 28th, according to HTX market data, on Thursday morning, Bitcoin led the crypto market to plunge, quickly dropping to a new low in over a month before recovering slightly to now trade at $74,453. As a result, liquidations across the network amounted to $160 million in a 4-hour period, with long liquidations totaling $151 million.

On the news front, there was an explosion in Iran's Abbas Port around 5 am Beijing time today, with the air defense system being activated for several minutes. In addition, the U.S. military has stated that it has been deployed and is prepared to attack Cuba at any time.

In the U.S. stock market, the three major indices closed slightly higher, with tech stocks showing mixed performance. The Dow Jones rose by 0.36%, the S&P 500 increased by 0.02%, and the Nasdaq went up by 0.07%. Micron Technology (MU.O) rose by 3.63%, hitting a new high, while Qualcomm (QCOM.O) fell by over 6% and Intel (INTC.O) dropped by 1.4%.