Bitcoin plunged below $67,000, and Ethereum neared $2,000 amid weakening equities and rising oil prices. Nearly $300 million in long positions were liquidated, while short positions saw less impact. The market mood soured due to escalating Iran tensions and higher oil costs, affecting tech stocks and cryptocurrencies. ONDO, linked to Ondo Finance's ETF tokenization, gained 8%.
Oil prices above $100 and Iranian war fears fueled a risk-off sentiment, dragging down the Nasdaq futures. Altcoins like XRP and SHIB faced increased short selling, contrasting with ONDO's rise.