Svmuu News Bitcoin fell to $65,720 on Friday, its lowest price since March 2, with recent trading around $65,804, marking a daily decline of over 4%. Ethereum dropped about 4% to $1,980, Solana fell 5% to below $83, and BNB declined 3% to $608. According to CoinGlass data, over $500 million in crypto positions were liquidated in the past 24 hours, with nearly 90% being long positions.
The largest corporate Bitcoin holder, Strategy, which holds approximately $50 billion worth of Bitcoin, saw its stock MSTR fall over 5% intraday, dropping below $124 to hit a one-month low. The publicly traded company with the largest Ethereum holdings, BitMine Immersion Technologies (BMNR), touched an intraday low of $18.42, a monthly low, with a daily decline exceeding 4%. The crypto and stock trading platform Robinhood (HOOD) also fell to a monthly low, trading slightly above $66, having accumulated a decline of over 11% in the past month and over 50% in the last six months.
The three major U.S. stock indices fell in sync, with the Nasdaq down 1.5%, and the S&P 500 and Dow Jones each falling about 1%. The U.S. President indicated after Thursday's market close that plans to strike Iranian energy facilities would be paused, but Israel subsequently stated it would "escalate" attacks on Iran following missile strikes. Users of the prediction market platform Myriad currently assign a 64% probability that Bitcoin's next target is $55,000 rather than $84,000.