Crypto keeps sliding on geopolitical tensions

Bitcoin opened at $62,233.37 on Thursday, July 9, down 1.7% from Wednesday's open, though it recovered to $62,870.76 by mid-morning Eastern time. Ethereum opened at $1,742.06, down 1.5%, and hovered near $1,744.

The weakness extended the previous day's drop, driven by renewed U.S.–Iran strikes that reintroduced geopolitical risk into a market that had only just begun to recover from June's rout.

The intraday bounce hinted that dip-buyers were still active, setting up a firmer finish to the week.