BTC Erases Gains in Global Risk-off Flush Amid Middle East Military Escalation
By Terence Zimwara
Bitcoin tumbled below $68,000 on April 7, hitting an intraday low of $67,724 and erasing gains from its recent attempt to break $70,000 resistance. The price drop was driven by global risk-off sentiment following U.S. and Israeli military strikes on Iranian infrastructure. High volatility led to $60.63 million in liquidations, according to Coinglass.
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