"Bitcoin slid from an intraday high of $71,405 to a session low of $68,123 around 2:15 p.m. EST, marking a nearly 4% drop over 24 hours."
"The broader crypto economy's value fell to $2.43 trillion, while Bitcoin's market capitalization decreased from $1.43 trillion to about $1.36 trillion."
"Bitcoin's decline triggered $81 million in long liquidations compared with $7 million in shorts, reversing the prior day's trend."
Bitcoin experienced a significant decline, falling from an intraday high of $71,405 to a low of $68,123, reflecting shifting investor sentiment amid Middle East conflict uncertainties. The cryptocurrency's market capitalization decreased from $1.43 trillion to approximately $1.36 trillion. This drop mirrored broader market trends, with major U.S. indices also declining. The situation escalated as fears grew over U.S.-Iran tensions, leading to increased volatility in energy markets and significant liquidations in crypto derivatives, totaling nearly $305 million across the sector.
Read at news.bitcoin.com
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