Cryptocurrency prices are falling alongside stocks with no end in sight to the U.S.-led war against Iran.
Bitcoin (BTC) is down 3% and trading at $66,000 U.S. in early trading on April 2.
Other digital assets are faring worse, with Ethereum (ETH) down 5% and trading right around the key support level of $2,000 U.S.
Smaller cryptocurrencies, such as Solana (SOL), are down as much as 7% as investors once again flee risk assets amid geopolitical uncertainty.
The latest plunge was spurred by a speech from U.S. President Donald Trump, who said that the war with Iran is likely to continue for several more weeks.
The comments led to an immediate spike in oil prices, with Brent crude rising as much as 10% to $108 U.S. per barrel.
Stock markets around the world are selling off as oil prices spike, with equities in Europe and Asia down as much as 2%.
At the same time, nearly $400 million U.S. in cryptocurrency future positions have been liquidated due to margin shortfalls. That's a 17% increase in losses from the previous day.
