Bitcoin fell sharply on Thursday, dropping below $71,000 as investors assessed the Federal Reserve’s hawkish stance amid a surge in oil prices driven by escalating tensions in the Middle East.
On March 18, the price of the leading cryptocurrency fell below the $72,000 level, declining by nearly 4% over 24 hours. The escalation of the conflict in the Middle East caused a sharp surge in oil prices, intensifying inflation concerns.
Bitcoin (BTC) fell below $73,000 on March 18 after the US Bureau of Labor Statistics released February data for the Producer Price Index (PPI), which significantly exceeded Wall Street expectations.
Bitcoin fell below the $70,000 mark on Thursday but held support as investors remained cautious following another spike in oil prices amid escalating tensions in the Middle East.
Bitcoin fell below the $70,000 level during Asian trading on Wednesday as investors monitored developments in the Middle East conflict and awaited key U.S. inflation data later the same day.
Bitcoin fell during Asian trading on Friday but held above the key $70,000 level, as investors remained cautious amid escalating tensions in the Middle East. The conflict has driven oil prices higher and introduced uncertainty into forecasts for global inflation and interest rates.
Bitcoin rose on Tuesday but traded below the highs reached earlier in the week, as escalating geopolitical tensions stemming from the U.S.–Iran conflict largely restrained risk appetite.
Bitcoin dropped to the $66,000 level during Asian trading on Monday as the expanding conflict between the U.S., Israel, and Iran triggered a broad risk-off move across global markets.
An important analysis has emerged regarding a critical support level for Bitcoin. Crypto analyst Murphy stated that the $64,500 level represents a key support zone, adding that current selling pressure is not strong enough to quickly push the price below $60,000.
Bitcoin ($BTC) and altcoins, which showed strong recovery earlier this week, are now facing a sharp decline. Bitcoin dropped 3.2% over the past 24 hours, falling below $66,000. Ethereum (ETH), XRP, and Solana (SOL) recorded similar losses. Ethereum fell back below $2,000 to $1,380, while Solana declined to $83.
В пятницу Bitcoin снизился, прервав восстановление от минимумов середины недели, поскольку аппетит к риску оставался слабым. Крупнейшая в мире криптовалюта также направляется к пятому подряд месяцу существенных потерь.
Shares of software developers dropped sharply due to investor concerns about the impact of artificial intelligence on the industry. The correction in the technology segment heightened tension in financial markets and affected Bitcoin.
Bitcoin fell on Tuesday, extending recent losses and shedding half its value from its October record high, as uncertainty surrounding U.S. tariff policy dampened risk appetite in the cryptocurrency market.
Bitcoin dropped to the $63,000 level, and major altcoins, including Ethereum (ETH), also experienced significant declines. This drop is explained by a combination of uncertainty regarding the tariff policy of Donald Trump’s administration and growing risk aversion due to escalating geopolitical tensions between the United States and Iran.
Bitcoin fell on Monday, slipping under $65,000 as large holders continued to dump cryptocurrencies, with heightened uncertainty over U.S. trade policy souring risk appetite further.
Bitcoin dropped below $65,000 during Asian trading on Monday, returning to early February levels when prices briefly dipped toward $60,000. The decline came as large holders intensified selling amid a broader risk-off move driven by U.S. trade policy developments.
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