BroadChain reports that Bitcoin dropped to $65,720 on Friday, March 27, its lowest level since March 2, and was trading around $65,804—down more than 4% on the day. Ethereum fell roughly 4% to $1,980, Solana slid 5% to below $83, and BNB declined 3% to $608.
Data from CoinGlass shows over $500 million in crypto positions were liquidated in the past 24 hours, with nearly 90% of those being long positions.
The sell-off also dragged several crypto-related public companies to monthly lows.
MicroStrategy (MSTR), the largest corporate holder of Bitcoin with roughly $50 billion in BTC, saw its stock fall more than 5% on the day, briefly dipping below $124 to a one-month low.
BitMine (BMNR), the publicly traded company with the largest Ethereum holdings, hit an intraday monthly low of $18.42, down over 4%.
Robinhood (HOOD), the crypto and stock trading platform, also fell to a monthly low, trading just above $66. The stock is down more than 11% over the past month and over 50% in the last six months.
The three major U.S. stock indices all closed lower: the Nasdaq fell 1.5%, while the S&P 500 and Dow Jones each dropped about 1%.
On the geopolitical front, after markets closed on Thursday, March 26, the U.S. President announced a pause in planned strikes against Iranian energy facilities. However, Israel later stated it would "escalate" attacks against Iran following missile strikes.
According to prediction market platform Myriad, users currently assign a 64% probability that Bitcoin's next target will be $55,000, rather than $84,000.