Crypto Shares Fall as Bitcoin Drops to $68K. SharpLink Gaming, BitMine, Circle, Bullish, CleanSpark Down over 3%

Tiger Newspress03-23 16:21

Crypto shares fell in premarket trading. SharpLink Gaming, BitMine, Circle, Bullish, CleanSpark down over 3%.

Bitcoin fluctuated near a two-week low on Monday, sliding in early Asia trading before rebounding to a key support level amid escalating tensions in the Middle East.

The original cryptocurrency fell as low as $67,371, its lowest level since March 9, in early trading, spending much of the day around $68,000 — a 200-week technical support level. The token was at roughly $67,800 at 7 a.m. in London.

The weakness reflects a broader pullback in risk assets as tensions in the Middle East intensified over the weekend. US President Donald Trump threatened to bomb Iran’s power plants unless the country reopened the Strait of Hormuz, a critical trade waterway. Tehran responded by warning it would target key infrastructure across the Middle East should its fuel and energy infrastructure be attacked.

“The primary trigger was geopolitical,” said Rachael Lucas, an analyst at BTC Markets. “President Trump’s 48-hour ultimatum threatening to obliterate Iranian power plants unless the Strait of Hormuz was reopened spiked Brent crude prices.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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