Bitcoin and other major cryptocurrencies took a nosedive, dropping over 8.4% to $61,625 amid escalating Middle East tensions. The global crypto market also felt the heat, with Ethereum and Solana down 9.81% and 15.96% respectively. The timing coincides with the upcoming Bitcoin halving event, adding to the market uncertainty.

The DeFi sector was hit hard, testing the resilience of projects like Ethereum-based Ethena. Bitcoin's price drop led to the liquidation of $256 million worth of long positions. But hey, analysts like Benjamin Cowan and Michael Saylor see this as a typical cycle, even beneficial for Bitcoin's upward trend. 📉🔄📈

The next few days are crucial as the market awaits further guidance from changes in U.S. economic indicators and Bitcoin futures contract trading. Despite the uncertainties, the market's resilience shines through. Stay tuned for more updates! #Bitcoin #CryptoMarket #Investment 🌐💰🚀