Cryptocurrencies remain broadly pressured on Monday, with Bitcoin (BTC) hovering around $70,000, Ethereum (ETH) below $2,000, and Ripple (XRP) near $0.25.
Bitcoin (BTC) declined below the $72,000 level on Monday as geopolitical tensions escalated following Iran's decision to suspend ceasefire talks with the US.
Ethereum (ETH) is under intense selling pressure, hovering around $2,000 at press time on Friday after three consecutive days of losses. Institutional outflows and a decline in active addresses support the “bearish rally” in the major altcoin amid a broader decline in the cryptocurrency market.