The global financial markets have been experiencing significant declines due to the renewed military confrontation between Iran and Israel.
On Monday morning, Bitcoin prices dropped to around $62,900, representing a decline from Sunday's peak of $63,776. The cryptocurrency had already experienced downward pressure prior to the weekend's geopolitical escalation, with prices contracting nearly 14% in the past week.
The market volatility is anticipated to persist throughout the coming week, with forthcoming U.S. inflation reports and significant initial public offerings expected to further constrain market liquidity.