US, Israel Move on Iran Forces Bitcoin Toward $63,000

Bitcoin (BTC) experienced daily losses nearing 4% on Saturday as the US and Israel confirmed a joint military operation against Iran, with the price testing the $63,000 support level. US President Donald Trump stated the operation targeted Iran's nuclear infrastructure and also called on Iranians to take control of their government, suggesting it was a generational opportunity. Crypto markets reacted in isolation because traditional finance (TradFi) trading was suspended until futures resumed. Data indicated liquidations surpassed $250 million in the four hours leading up to the report. This escalation comes as Bitcoin faces headwinds from recent hot US inflation data and is poised to close February with its fifth consecutive monthly loss, a streak not seen in seven years.

(Source：Cointelegraph)