Bitcoin and Ethereum extended losses as more than $400 million in leveraged crypto positions were liquidated in a single day. Macroeconomic concerns and ETF outflows weighed on investor sentiment.
Bitcoin faced fresh selling pressure even as tensions eased between the U.S. and Iran. The cryptocurrency and Ethereum both extended recent declines amid broader market uncertainty.
An Ruwaito ta hanyar AI Hoton da AI ya samar
Bitcoin dropped below $73,000 on Thursday, reaching a six-week low, as renewed US military strikes on Iran escalated geopolitical risks and triggered heavy selling across crypto markets. Spot Bitcoin ETFs saw sharp outflows, with BlackRock's IBIT alone shedding $528 million in a single day. The move coincided with nearly $1 billion in liquidations across derivatives platforms.
Bitcoin dropped to its lowest level since late March, trading near $65,000 as selling pressure intensified. The decline coincided with rising oil prices and weakness in U.S. stocks following Middle East developments. Ethereum also fell sharply, testing support near $1,800.
An Ruwaito ta hanyar AI
Bitcoin declined sharply as tensions between the US and Iran escalated with reported strikes. The drop triggered widespread liquidations across crypto markets.
Bitcoin has traded in a tight range between $59,000 and $60,000 for five straight days. Analysts warn that a break lower could target $40,000. Pressure is mounting from a stronger U.S. dollar and plans by Strategy to potentially sell more than $1 billion of its Bitcoin reserves.
An Ruwaito ta hanyar AI
Bitcoin reached its lowest price in 21 months early Thursday, with both Bitcoin and Ethereum posting monthly drops exceeding 20 percent. Prediction market participants anticipate additional declines in the near term.