Bitcoin Slides to Lowest Since March 2 as Broad Risk Selloff Hits Crypto

ChainCatcher reports that Bitcoin fell to $65,720 on Friday, its lowest level since March 2, and was last trading around $65,804, down more than 4% on the day. Major tokens moved lower alongside Bitcoin. Ethereum slipped about 4% to $1,980. Solana dropped 5% to below $83, and BNB fell 3% to $608. Derivatives positioning unwind accelerated. CoinGlass data show more than $500 million in crypto positions were liquidated over the past 24 hours, with nearly 90% coming from long positions. Crypto-linked equities also weakened. Strategy, the largest corporate holder of Bitcoin with roughly $50 billion worth of BTC, saw its shares (MSTR) fall more than 5% on the day, dipping below $124 intraday to a one-month low. BitMine Immersion Technologies (BMNR), the publicly listed company with the largest Ethereum holdings, hit an intraday monthly low of $18.42, down more than 4%. Robinhood (HOOD) touched a monthly low as well, trading slightly 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 declined in parallel, with the Nasdaq down 1.5% and the S&P 500 and Dow Jones each off about 1%. Geopolitical headlines added to volatility. After President Trump said in a postmarket statement on Thursday that he would suspend strikes on Iranian energy facilities, Israel said it would "escalate" attacks on Iran following missile strikes. On prediction market platform Myriad, users currently assign a 64% probability that Bitcoin's next target will be $55,000 rather than $84,000.