BTC plunged 6.4% to a 24-hour low of $65,708 and ether broke below $1,900 in Asian trading on Wednesday, just hours after the MSCI All Country World Index set a fresh all-time high on the AI rally.

Bitcoin fell below $71,000 for the first time since April 13 as ETF outflows, whale distribution, and macro uncertainty pressure the crypto market.

Bitcoin slipped near the $70,000 mark, hitting a seven-week low as escalating US-Iran tensions triggered risk-off sentiment across global markets. More than $744 million in crypto…