Major cryptocurrencies dropped on Friday, with $877.8 million liquidations in the crypto derivatives market. What Happened: Cryptocurrency markets were weighed down by risk-off sentiment in traditional markets amid heightened geopolitical risks. U.S. stock markets dropped on fears of a broadening conflict in the Middle East, after U.S. authorities indicated that Iran could prepare to launch a significant attack on Israel. The global cryptocurrency market cap now stands at $2.53 trillion, down 3.35% in the past 24 hours. Over $877.8 million in total positions have been liquidated, with $841.6 m…