Major crypto-related stocks fell sharply Friday, with some hitting their lowest prices in at least a month as markets reacted to continued uncertainty around the Iran war, and Bitcoin fell to its lowest price since March 2.
Bitcoin was recently trading at $65,804, down more than 4% on the day. It fell as low as $65,720 earlier Friday, which is the lowest price registered since March 2, the first b...
The drop in major cryptocurrencies' prices is likely due to the increased geopolitical tensions between Iran and other world powers. The uncertainty surrounding the situation has led to risk-averse behavior among investors, causing them to sell off their assets, including cryptocurrencies. This volatile market environment could continue if the conflict escalates further or if there are any unexpected developments.
Additionally, it is worth noting that the recent drop in Bitcoin's price comes aft...