Bitcoin $62,700 as U.S.-Iran talks stall and Fed signals caution
bitcoin slid to about $62,700 (₹59.27 lakh) on Friday, down 2.21% in the past day.
The drop comes as U.S.-Iran peace talks stall and the US Federal Reserve signals it's not rushing to cut rates.
ether also dipped, trading near $1,700 (₹1.60 lakh).
Altcoins slide after $330 million long-position liquidations
altcoins like Binance Coin, Solana, and Dogecoin are all in the red too.
Akshat Siddhant, Lead Quant Analyst at Mudrex, pointed out that nearly $330 million in long-position liquidations (worth a hefty $330 million) added to the pressure amid ongoing global uncertainty.
With the Fed staying cautious, platforms like CoinSwitch say investor mood is shaky right now.
Giottus.com CEO Vikram Subburaj suggests playing it safe with disciplined investments until things settle down: A staggered investment approach may also be prudent until institutional demand shows clearer signs of recovery.