Leading cryptocurrencies fell alongside stock futures on Wednesday evening after President Donald Trump said the U.S. will continue its military campaign against Iran until the objectives are “fully achieved.”

Crypto Market Retraces

Bitcoin slid below $67,000 late evening, while Ethereum pulled back below $2,100. Other major cryptocurrencies were also sent lower.

Nearly $350 million in crypto positions were liquidated in the past 24 hours, with bullish long traders bearing the brunt of the losses.

Open interest in Bitcoin futures fell 2.29% in the last 24 hours, although retail and whale Binance traders were still net long on the leading cryptocurrency.

“Extreme Fear” persisted in the…

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