Cryptocurrencies continue to fall as the U.S. resumes military strikes on Iran, sending crude oil prices 3% higher.
Bitcoin (BTC), in particular, continues to be hard hit amid the crypto selloff.
The largest digital asset by market capitalization has dropped below $73,000 U.S. for the first time in several months on reports of new U.S. strikes on Iran.
The situation has triggered more than $1 billion U.S. of cryptocurrency liquidations in the past 24 hours, one of the biggest such events of the year, as investors move to the sidelines.
Bitcoin traded as low as $72,978 U.S. overnight and is down 6% over the past seven days.
Other digital assets also continue to slip, with Ethereum (ETH) declining 4% in the last 24 hours to trade below the key support level of $2,000 U.S. ETH is down 8% in the last seven days.
Solana (SOL), XRP (XRP), and Dogecoin (DOGE) have each lost 3% in the past day.
The accelerated selloff comes as Brent crude oil, the international standard, rises 3% to $96.65 U.S. a barrel amid renewed military strikes against Iran.
The only cryptocurrencies that remain up over the past seven days are Hyperliquid (HYPE) and Tron (TRX). Each crypto is up 2% in that time frame.
