Bitcoin Plummets to $66K and Ethereum Drops Under $2K Amid Ongoing Middle Eastern Conflict: A Weekly Overview

Last week saw significant developments on the Iran - Israel/US front that impacted the volatile cryptocurrency market. Bitcoin fell from a high of $76,000 to around $66,000, influenced by various factors including the US Fed's decision not to adjust interest rates, ongoing negotiations between the US and Iran, and the Royal Government of Bhutan's transfer of Bitcoin, likely for sale. Other cryptocurrencies such as Ethereum, XRP, and SOL also experienced significant declines. Despite this, a few digital assets, led by TAO and WLFI, showed gains. Major headlines included Better Home & Finance partnering with Coinbase to allow BTC and USDC for mortgages, NYSE's parent company investing $600 million in Polymarket, and predictions Bitcoin could fall to $46,000 due to 'electric cost' fluctuations.