Key Insights:
- The Bitcoin price dropped below the major support and fell to $68K.
- Ethereum and XRP were going down as the crypto market lost traction.
- Gold price sank below $4,300 as yields and the dollar surged.
Bitcoin price fell sharply on March 23 as traders reacted to a broad risk-off move across global markets. Bitcoin traded at about $67,786, after touching an intraday low near $67,436. Ethereum dropped to roughly $2,034, while XRP traded near $1.37.
The selloff came as fresh U.S.-Iran tensions rattled risk appetite and pushed investors toward the dollar. Gold also broke lower, indicating this was not a classic safe-haven session but a macro squeeze across multiple asset classes.
