Bitcoin plunges below $65K, hits $61K; $1.61B liquidated
Bitcoin dropped nearly 5% in 24 hours, briefly touching $61,000, with $1.61 billion in crypto liquidations. Ethereum traded around $1,800. The sell-off coincides with renewed US-Iran tensions.
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Bitcoin fell sharply, losing almost 5% over the past day and sliding below $65,000. The asset briefly dipped to $61,000 before recovering slightly. Ethereum is trading near $1,800.
Total crypto liquidations over the last 24 hours reached $1.61 billion, as long positions were wiped out. The decline comes amid escalating exchanges of blows between the United States and Iran, adding geopolitical risk to markets.
Source: ForkLog