Bitcoin Tumbles Below $63K Amid Global Selloff and Iran Deal Uncertainty

The global market downturn and skepticism over the U.S.-Iran peace agreement sent Bitcoin plummeting below $63,000 on Friday.

Bitcoin (BTC) slipped to $62,700, marking a 1.9% decline in the past 24 hours, according to CoinDesk figures.

This decline is part of a broader trend affecting all major cryptocurrencies, with Ether falling 2.3%, XRP plummeting 3.2%, Solana experiencing a 3.2% drop, and BNB retreating 2.7%.

Asian equity markets also retreated on Friday, with South Korea's KOSPI index falling from an intraday record to close down 0.6%, while Japan's Nikkei 225 index pulled back from its own record but finished 0.2% higher.