Bitcoin slid into the $65,000 range to a new 2026 low, with broad declines across major tokens and bitcoin dominance falling to 57.75 percent. The drop was described as a compound shock led by excessive leverage and heavy spot inflows to exchanges. Strategy sold 32 bitcoins for the first time in four years, denting sentiment. Bitcoin broke below $70,000, triggering $1.5 billion in futures liquidations as spot bitcoin ETFs posted a third straight week of net outflows.

Binance Coin surged nearly 12 percent in a day, drawing attention in the cryptocurrency market, while bitcoin held near $73,000 with a modest gain. The move followed asset manager VanEck’s launch of a U.S. spot BNB exchange-traded fund, the first such product in the United States. Gains came despite macro headwinds including the prolonged Iran situation and rising U.S. Treasury yields.