Bitcoin plunges below $64k as Iran strikes trigger global risk-off
Bitcoin fell below $64,000 after US-Israel strikes on Iran triggered a 3.8% drop to $63,038, wiping $128B from crypto markets. The selloff followed explosions in Tehran, escalating Middle East tensions and prompting investors to cut crypto exposure. Bitcoin's 'pressure valve' role during geopolitical events was noted by analysts, with leverage largely cleared reducing initial impact. Trump urged Iranians for freedom in post-campaign video. Iran retaliated with missile strikes on US bases in Bahrain.