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cryptoJun 19, 2026, 11:04 AM

Bitcoin Drops to $62K, Ethereum Below $1,700 on Middle East Uncertainty

Bitcoin fell about 3% in 24 hours to $62,000, while Ethereum slipped under $1,700. The decline comes amid fresh geopolitical tensions as the US Vice President postponed a trip to Switzerland linked to an Iran deal and Israel struck targets in southern Lebanon.

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Bitcoin dropped to approximately $62,000, losing around 3% over the past day. Ethereum also declined, falling below the $1,700 level.

The sell-off was attributed to renewed uncertainty surrounding the Middle East. US Vice President JD Vance postponed a planned trip to Switzerland that was part of a signing ceremony for an agreement with Iran. Meanwhile, Israel's military (IDF) carried out strikes on several targets in southern Lebanon, hindering progress toward a ceasefire.

Despite the geopolitical tensions, oil prices continued to decline, with major benchmarks falling throughout the week.

Source: ForkLog