The crypto market fell 2.5% on Friday to $2.45 trillion as hopes of an end to the ongoing U.S. Iran war faded.
Summary
- Crypto market cap fell 2.5% to $2.45 trillion as geopolitical tensions rose after Iran rejected a U.S. proposal to end the conflict.
- Bitcoin dropped to $69,445 while Ethereum slid 4.4%, triggering over $193 million in long liquidations across derivatives markets.
- Rising oil prices and sustained Fed rate expectations weighed on risk sentiment, pressuring cryptocurrencies and global equities.
According to data from crypto.news, Bitcoin ($BTC) price dropped 2.5% on the day to $69,445 at the time of writing as bulls failed to defend the $70,000 psychological support. Ethereum (ETH) was hit harder, falling 4.4% to…
