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Bitcoin falls below $69,000.

VTV.vn - Bitcoin and other cryptocurrencies experienced a sharp decline on March 22nd as tensions in the Middle East continued to escalate.

Đài truyền hình Việt NamĐài truyền hình Việt Nam23/03/2026

The world's largest cryptocurrency at one point fell by more than 3%, dropping to $68,150 – its lowest level since early March 2026. The sell-off also swept through other cryptocurrencies, causing Ether to fall by nearly 5%, bringing its trading price down to $2,050, while Solana, XRP, and Cardano all plummeted.

Since the conflict erupted in late February 2026, Bitcoin has lost approximately 20% of its value. This development casts doubt on the notion that Bitcoin is a "safe haven" during crises.

Peter Tchir, an expert at Academy Securities, believes that Bitcoin is being caught up in the general sell-off of risky assets, mirroring the stock market. Additionally, rising energy prices are making Bitcoin mining more expensive, putting significant pressure on the industry.

Mr. Tchir further noted that the focus of US officials on the conflict is making it difficult for bills supporting cryptocurrencies to pass, lowering expectations among new investors.

With traditional markets closed for the weekend, the cryptocurrency market – which trades continuously – helps to reflect the trends and volatility of other assets early on. Current developments show that the cryptocurrency market is being impacted by geopolitical tensions and macroeconomic factors, keeping price volatility high.

Strategy has just set a record for buying bitcoin despite the price drop.

Despite the drop in Bitcoin prices, major investment funds continue to buy. Strategy, the world's largest publicly traded Bitcoin holding company, is recording its second-largest quarterly accumulation ever, aggressively expanding its reserves even as the cryptocurrency's price falls by 20%.

Since the beginning of the year, the company has purchased 89,618 bitcoins, bringing its total holdings to 761,068 bitcoins. The actual number could be even higher as there is still a further announcement to be made.

The only time Strategy bought more bitcoin than usual was in Q4 2024, when they acquired an additional 194,180 bitcoins. November of that year alone saw three of the company's five largest purchases, with Strategy buying 27,200, 51,780, and 55,500 bitcoins consecutively as the price surged from $70,000 to $100,000 following President Donald Trump's victory in the US election.

Conversely, over the past three months, the price of bitcoin has fallen to its current level, more than 40% lower than its record high of $126,000 in October. Strategy's common stock has also fallen 15%.

Recent purchases were partially funded by revenue from the sale of the company's Stretch perpetual preferred stock (STRC), totaling 15,000 bitcoins over the past two weeks. However, because the price of STRC did not reach $100 this week, the company is currently unable to utilize this program.

Strategic accumulation depends not only on price. It is also driven by available capital.


Source: https://vtv.vn/bitcoin-xuong-duoi-moc-69000-usd-100260323085339143.htm


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