Bitcoin price drops below $60000, long-term holders lose 5.6 million BTC positions

Federal Reserve's Williams stated that resolving the disruptions caused by the Middle East war will help reduce inflationary pressures.

The Persian Gulf Strait Authority stated that any passage not carried out in accordance with approved routes is considered unauthorized and not within the scope of security measures. The consequences of using unauthorized routes are borne by the shipowner, operator, and captain themselves; US officials revealed to The Wall Street Journal that the Iranian Revolutionary Guard attacked a cargo ship flying the Singapore flag.

At around 9pm local time on the 25th, strong explosions were heard in the Ukrainian capital Kiev. Kiev Mayor Klichko and the Kiev Military Administration stated that the Russian military has launched ballistic missiles into Kiev and the city's air defense system is currently in operation. (According to Xinhua News Agency)

The incident temporarily halted transaction processing on one of Ethereum's largest layer-2 networks.

Bitcoin encountered a $2.07 billion taker sell volume selling pressure within an hour. （Cointelegraph）