Bitcoin Slides to Lowest Since March 2; Strategy, BitMine, Robinhood Touch Monthly Lows

Bitcoin sank to its weakest level since March 2 on Friday, hitting $65,720 and recently trading near $65,804, down more than 4% on the day. Ether fell about 4% to $1,980, Solana dropped 5% to below $83, and BNB slipped 3% to $608. CoinGlass data showed more than $500 million in crypto positions were liquidated over the past 24 hours, with nearly 90% coming from long positions. Strategy, the largest corporate holder of Bitcoin with roughly $50 billion in holdings, saw its shares (MSTR) fall more than 5% intraday, slipping below $124 to the lowest in a month. BitMine Immersion Technologies (BMNR), the publicly traded company with the largest Ethereum holdings, touched a monthly low of $18.42 intraday, down more than 4% on the session. Robinhood (HOOD) also reached a monthly low, trading just above $66; the stock is down more than 11% over the past month and more than 50% over the past six months. U.S. equities weakened broadly, with the Nasdaq down 1.5% and the S&P 500 and Dow each off about 1%. After Thursday's close, the U.S. president said he would pause plans to strike Iranian energy facilities. Israel later signaled it would "escalate" its attacks on Iran following a missile strike. On prediction market platform Myriad, users currently assign a 64% probability that Bitcoin's next major level will be $55,000 rather than $84,000.