BlockBeats News, March 27 — According to CoinDesk, Bitcoin dropped below $69,000, down more than 3% from the overnight high. Mainstream altcoins like Ethereum, XRP, SOL, and ADA also declined 4% to 5% during the same period. The main driver of this decline is the fading optimism following the easing of tensions in the Middle East, with crude oil futures rising about 4%, reigniting concerns over inflation and supply disruptions.
In the US stock market, the Nasdaq fell 1.4% in the afternoon, with all seven major tech giants down more than 10% from their all-time highs. Microsoft dropped 34%, Meta fell 30%, and Tesla declined 25%. The US 10-year Treasury yield rose 7 basis points to 4.40%.
Joel Kruger, market strategist at LMAX Group, said that recent market movements are likely to continue being linked to macroeconomic factors. If the situation becomes clearer and tensions ease, risk assets including Bitcoin could rise; if uncertainty persists, prices may remain volatile within a range.
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