Benzinga verify icon

19h
...

Bitcoin, Ethereum, XRP, Dogecoin Plunge Early Friday Hours As Iran Snubs US Peace Deal

Bitcoin at $66,000 is driven by a macro sell-off after Iran rejected a U.S. peace proposal, pressuring risk assets and pushing sentiment deeper into the fear zone (26); liquidations stand at $447.7 million over the past 24 hours.  

Bitcoin ETFs saw $171.2 million in net outflows on Thursday, while Ethereum ETFs reported $92.5 million in net outflows.  

Trader Commentary:

Trader Lennaert Snyder expects downside continuation, with a bearish target at the prior weekly low of $67,360. However, he remains patient, waiting for a bounce and confirmation before entering safer short positions rather than chasing the move late.

CyrilXBT said Ethereum remains in a strong downtrend and is showing…

Read more on Benzinga

9.2K Reads