Cryptocurrency markets fell in tandem with global equities on Monday as geopolitical tensions and economic uncertainty weighed on investor sentiment. Bitcoin dropped 2% to $64,450, while Ethereum declined below the $2,650.
The downturn in global markets was fueled by ongoing Middle East conflict, with continued Israeli attacks in Lebanon adding to geopolitical uncertainty. Additionally, investors remain cautious ahead of key US economic data releases this week, including the payroll report, which could influence Fed’s decision on another interest rate cut in November.
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