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.
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