Odaily Planet Daily report: Bitcoin fell to its lowest price since March 2, reaching $65,720 on Friday, with recent trading around $65,804, down over 4% on the day. Ethereum dropped approximately 4% to $1,980, Solana fell 5% below $83, and BNB declined 3% to $608. According to CoinGlass data, over $500 million in crypto positions were liquidated in the past 24 hours, with nearly 90% being long positions.
The largest corporate Bitcoin holder, Strategy, holds approximately $50 billion in Bitcoin; its stock, MSTR, fell over 5% intraday, dropping below $124 to reach its lowest level in a month. BitMine Immersion Technologies (BMNR), the publicly traded company with the largest Ethereum holdings, touched a monthly low of $18.42 intraday, declining more than 4% on the day. Cryptocurrency and stock trading platform Robinhood (HOOD) also hit its monthly low, trading just above $66, with a cumulative decline of over 11% over the past month and more than 50% over the past six months.
The three major U.S. stock indices fell in tandem, with the Nasdaq down 1.5% and the S&P 500 and Dow Jones each declining about 1%. Following the close of trading on Thursday, the U.S. President stated that he would suspend plans to strike Iranian energy facilities, but Israel subsequently indicated it would "escalate" its attacks on Iran following a missile strike. Users on the prediction market platform Myriad currently believe there is a 64% probability that Bitcoin’s next target will be $55,000 rather than $84,000.