Bitcoin (BTC) slipped below the $68,000 level, down 3.63% from a day earlier. As of 6:30 a.m. on March 23, Seoul time, Bitcoin traded at $67,795.90, down 3.63% from the previous day.
Ethereum (ETH) and other major altcoins, including XRP, declined in tandem. ETH fell 5.14% to $2,042.73, while XRP dropped 4.36% to $1.37.
Analysts attributed the move to rising geopolitical tensions in the Middle East. Trump’s remarks about opening the Strait of Hormuz and signaling possible military action weighed on risk appetite.
Investors remain vigilant as regional tensions escalate, keeping markets sensitive to headlines and macro sentiment. Analysts note that any further escalation could prolong the downturn and influence near-term price action across major cryptocurrencies.
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