The crypto market extended its losses over the past week as mounting macroeconomic uncertainty, geopolitical tensions and weakness across technology stocks weighed on investor sentiment. Bitcoin (BTC) fell below $70,000 for the first time since August, while Ethereum (ETH) slipped below $2,000, dragging several altcoins lower.

The sell-off comes as Nvidia co-founder Jensen Huang resigned as CEO and board member, triggering renewed concerns across artificial intelligence (AI) equities.

At the same time, tensions surrounding the US-Iran war, persistent inflation concerns and expectations of another Federal Reserve (Fed) rate hike added to market uncertainty. Crypto liquidations reached $1.3 billion over the past 24 hours, with liquidated…