Bitcoin Slides Toward $63K as US–Israel Strike Iran

[bonk]

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin fell nearly 4% on Saturday, testing the $63,000 level after the United States and Israel announced a military operation targeting Iran’s nuclear infrastructure. In a televised address, Donald Trump confirmed the bombing campaign and urged Iranians to “take over your government,” escalating geopolitical tensions at a time when traditional financial markets were closed.

With US stock futures offline for the weekend, crypto markets reacted in isolation. According to liquidation data, more than $250 million in leveraged positions were wiped out within hours, highlighting the fragility of risk appetite during geopolitical shocks. The move echoes previous Middle East escalations that triggered swift volatility across digital assets before broader markets reopened.

[chainsniff]

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