The New York digital asset market tumbled under downward pressure as Middle East geopolitical risk resurfaced and macro uncertainty grew. Bitcoin retreated below 69k, slipping 3.45% to 68,336 and briefly testing the 71k region intraday. Ethereum and XRP also fell, with ETH at $2,042 and XRP at $1.34 as risk appetite waned.
Solana dropped 6.18%, while meme coins like Doge and other layer 1 projects also drew down, reflecting a broad risk-off tone across markets. The altcoin season index hovered around 47, with no clear upside for altcoins.
The selloff was driven by Brent crude rising above $100 and inflation concerns, with Trump remarks on Iran signaling higher geopolitical risk. The 10-year US yield rose to 4.40% and Nasdaq fell, underscoring the link between traditional finance and digital assets. Liquidations reached about $348 million, with more than $200 million in long positions. Liquidity was concentrated in the $67k-$69k zone, suggesting a potential test of that area, while a strong sell wall around $72.3k-$72.6k could cap any near-term rebound. Analysts advise risk-managed, range-based strategies amid ongoing uncertainty.
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