Cryptocurrencies Plunge Amid Heightened Geopolitical Tensions, Over $900M Liquidated

Major cryptocurrencies including Bitcoin and Ethereum experienced significant losses, with widespread liquidations triggered by escalating Middle East tensions.

Cryptocurrencies saw sharp declines on Friday, with Bitcoin dropping below $66,000 and Ethereum falling by up to 12%.
Over $900 million in leveraged positions were liquidated across the crypto market, affecting hundreds of thousands of traders.
The market downturn was influenced by risk-off sentiment in traditional markets, spurred by fears of a potential conflict between Iran and Israel.
Experts suggest short-term market volatility but maintain a long-term positive outlook for digital assets.
Investors are advised to manage risk cautiously during periods of market instability and avoid overexposure.