Bitcoin drops to $63,000 as U.S. and Israel launch strikes on Iran
CoinDesk
Bitcoin fell about 3% to near $63,000 following joint U.S. and Israeli military strikes on Iran over the weekend.Summary
Bitcoin dropped approximately 3% to near $63,000 during Saturday trading, marking its lowest level since early February, after the United States and Israel launched military strikes on Iran. This weekend sell-off highlights Bitcoin's role as a liquid asset traders use to exit risk positions when traditional markets like stocks and bonds are closed. The attack escalates the risk of a broader regional conflict in a vital economic area, following weeks of U.S. military buildup and stalled nuclear negotiations with Tehran. This pattern of selling during geopolitical shocks before recovering is common for Bitcoin due to its 24/7 trading liquidity.
(Source：CoinDesk)