Crypto drops after Donald Trump comments on US military action
The crypto world is feeling the heat from recent geopolitical tensions.
Bitcoin dropped nearly 3% to about $66,381 after Donald Trump's comments on US military action in Iran, and Ethereum slid 3% too.
Other big names like XRP, BNB, Solana, and Cardano also saw drops of up to 6%.
Market cap slips to $2.29 trillion
Overall crypto market value slipped by 2% to $2.29 trillion, with trading activity slowing down.
Experts say heavy leverage and global headlines are making things shaky right now.
As Vikram Subburaj from Giottus put it, Bitcoin price action is still confined to a narrow band that reflects a market lacking directional conviction and positioning remains fragile, while Akshat Siddhant of Mudrex expects low trading volumes and cautious vibes to stick around through Easter.