The New York digital asset market failed to sustain the prior rally and turned lower. Bitcoin breached $69,000 but momentum cooled and it slid toward $67,000 as U.S. equities plunged and Middle East geopolitical risk intensified. The move broadened selling pressure across risk assets.
CoinMarketCap data show the total digital asset market cap at $2.38 trillion, down 2.4% from the previous day, and Bitcoin dominance stood at 58.0%. Bitcoin traded around $67,461 over 24 hours with a session low of $66,511, erasing roughly $40 billion from its market cap in a single day.
Altcoins broadly sagged. Ethereum fell to $2,022, down about 2%. Solana slipped below $85 by more than 3%. XRP traded around $1.40, down about 3%, and Dogecoin declined more than 6%.
BNB was down about 1% to $622, while Cardano traded lower by around 3%. The altcoin season index stood at 33, signaling a Bitcoin-led market, and the average RSI hovered near 51.55 in neutral territory. In the derivatives market, volatility widened, with about $470 million of leveraged positions liquidated over 24 hours.
The Nasdaq fell about 2%, and Nvidia declined more than 4% despite a strong earnings report. Market chatter centered on reports around U.S.-Iran nuclear negotiations and broader geopolitical risk, with social media discussions suggesting tensions could flare. Analysts warned that if geopolitical tensions persist, safe-haven assets like gold could strengthen, while a sustained above-67,500 level might allow a near-term rebound. Some researchers noted that the current cycle may not be over yet, while others highlighted that staying above $67,500 could enable a near-term bounce.
The Alternative Fear & Greed Index stood at 16, remaining in the ‘extreme fear’ zone. The Altcoin Season Index was 33, and the market’s RSI averaged 51.55, indicating a cautious stance ahead of the next price moves.
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