Cryptocurrencies experienced a sharp decline on Friday, mirroring risk-averse sentiment in traditional markets due to heightened geopolitical risks. Bitcoin, the largest cryptocurrency, fell below $66,000 after challenging $71,000 earlier in the day. Ether, the second-largest cryptocurrency, also dropped by 8%. Smaller cryptos like Cardano, Avalanche, and bitcoin cash suffered even larger losses, with the market as a whole down nearly 10%.
