Bitcoin Falls to the $63,000 Range Amid Middle East Tensions and Strategy's Selling Pressure [Crypto Briefing]

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\r\n[Financial News] Bitcoin fell to the $63,000 range on the 4th. As news emerged that Strategy Inc, the largest corporate holder of Bitcoin, had sold some of its holdings, renewed military clashes between the United States and Iran further deepened the market downturn.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $63,000 range at 10:10 a.m., down 5.19% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 15.09%.
Bitcoin is trading in the 93 million won range on the KRW Market. Based on the global crypto price comparison platform Cryprice, the Korean premium stood at -2.86%.
After falling below the $70,000 mark on the 2nd, Bitcoin has continued to decline. It was the first time in two months that Bitcoin had dropped below $70,000, since April.
Strategy Inc, the largest corporate holder of Bitcoin, was recently reported to have sold 32 Bitcoins worth about $2.5 million. Against this backdrop, the worsening situation in the Middle East appears to have added to the market's decline.
According to foreign media reports, the Islamic Revolutionary Guard Corps (IRGC) announced on the 2nd local time that it had struck the U.S. Fifth Fleet base in Bahrain and a United States Air Force base in Kuwait with missiles and drones, respectively. In response, United States Central Command (CENTCOM) said it carried out airstrikes on Qeshm Island in Iran.
The three major New York stock indexes also fell across the board. The Dow Jones Industrial Average (DJIA) dropped 620.72 points, or 1.21%, from the previous session to 50,687.07. The S&P 500 fell 56.10 points, or 0.74%, to close at 7,553.68. NASDAQ ended the session down 239.93 points, or 0.89%, at 26,853.98.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 19 on the day, indicating 'extreme fear.' The index ranges from 0 to 100, with values closer to 0 interpreted as 'extreme fear' and those closer to 100 as 'extreme greed.'
At the same time, Ethereum was trading in the $1,791 range, down 3.65% from the previous day. Ripple (XRP) was trading in the $1.19 range, down 2.62%.
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yimsh0214@fnnews.com Lim Sang-hyeok Reporter