Bitcoin falls below $70,000 mark, Middle East conflict drags down cryptocurrencies

With the Middle East conflict now stretching into its fourth week, the impact is rippling across global markets, triggering a fresh wave of selling in cryptocurrencies and pulling Bitcoin below the $70,000 mark. Bitcoin fell to around $68,000 and was hovering near $68,627 after about $243 million in rapid liquidations hit the market, with most losses coming from long positions. The broader crypto space also saw declines. Ethereum dropped 2%, while Bitcoin eased 0.9% over the past 24 hours. Among altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano declined by up to 2%, while TRON managed a marginal gain of 0.3%.