Bitcoin stumbled this Friday, mirroring sharp downturns in broader financial markets as panic grips investors. With traders now pricing in a 53% probability of the flagship cryptocurrency sliding below $66,000 by April 24, bullish sentiment is rapidly evaporating.

The sell-off is fueled by a cocktail of macroeconomic fears and escalating geopolitical tensions. Concerns regarding the stability of the US economy, compounded by the outbreak of war in Iran, have triggered a flight to safety, leaving both stocks and digital assets reeling from the impact.