Bitcoin at Two-Week Low as Crypto Liquidations Hit $500 Million

Bitcoin weakened to its lowest level in more than two weeks as broad macro risks stemming from the US-Iran war prompted traders to cut back their positions.

The original cryptocurrency fell as much as 2.2% to $76,551 on Monday, the lowest since May 1, before paring some losses. It was hovering around $76,800 at 7:15 a.m. in London. Other tokens, including Ether and Solana, also fell.