Bitcoin Tumbles Below $68,000 Amid Geopolitical Tensions

Bitcoin's price took a sharp dive on Thursday, falling below $68,000 within hours of President Trump's threat to 'obliterate' Iran's power plants. The sudden spike in tension sent shockwaves through the crypto market, causing over $1 billion in liquidations within a day.

The rapid decline was not limited to Bitcoin, as other cryptocurrencies also saw significant losses. The market selloff wiped out more than $240 million in leveraged bets in just an hour, underscoring the fragility of the current market situation.