Bitcoin declined sharply as tensions between the US and Iran escalated with reported strikes. The drop triggered widespread liquidations across crypto markets.
Bitcoin slid 7 percent to reach a nine-week low. The move coincided with US and Iran strikes that drove 1.8 billion dollars in crypto liquidations. Separately, the US Treasury sanctioned Iran’s Nobitex crypto exchange along with three other platforms. Officials said the measures aim to restrict Iran’s access to financial networks.
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Bitcoin dropped below $73,000 on Thursday, reaching a six-week low, as renewed US military strikes on Iran escalated geopolitical risks and triggered heavy selling across crypto markets. Spot Bitcoin ETFs saw sharp outflows, with BlackRock's IBIT alone shedding $528 million in a single day. The move coincided with nearly $1 billion in liquidations across derivatives platforms.
Bitcoin fell below $63,000 on Monday amid renewed U.S.-Iran airstrikes over the Strait of Hormuz. The move reflected broader risk-off sentiment in markets as oil prices climbed.
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Bitcoin slipped below $63,000 on Friday as a global selloff in semiconductor and AI-related stocks spread to crypto markets. Renewed geopolitical tensions involving the United States, Iran, and China added to the pressure on risk assets.
Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.
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Bitcoin climbed back above $76,000 on Saturday after President Trump announced that a peace agreement with Iran and other Middle Eastern countries had been largely negotiated.
Bitcoin dropped below $67,000 on Tuesday, marking its lowest level since April. The decline triggered nearly $400 million in liquidations within an hour and over $1 billion over 24 hours. Analysts linked the selloff to capital shifting toward AI-related equities and heavy outflows from Bitcoin ETFs.
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Bitcoin climbed above $65,000 amid reports of progress toward an interim US-Iran agreement that would reopen the Strait of Hormuz. Oil prices fell sharply while US stock futures advanced. Conflicting statements have emerged on the exact signing timeline.