Bitcoin dropped 3.3% to $72,643 amid Middle East tensions and U.S. ETF outflows, weighing on crypto equities.
Bitcoin (BTC) declined to its lowest level in over six weeks, trading as low as $72,643 after a 3.3% drop. The selloff was driven by escalating Middle East conflict concerns and persistent outflows from U.S. exchange-traded funds.
The token’s retreat follows a period of volatility, with prior sessions showing mixed flows in crypto ETFs. Comparable declines were last seen in mid-April, when geopolitical risks similarly pressured digital assets.
Crypto-related stocks extended losses in tandem with BTC’s decline, reflecting broader market sentiment.