TLDR
- Bitcoin fell from $65500 to near $63000 after Iran strike news.
- Over 100M in leveraged long positions were liquidated in minutes.
- Ethereum moved toward $1800 as broader crypto markets declined.
- More than 75B was wiped from crypto market value in one hour.
Bitcoin slid toward $63,000 after Israel confirmed strikes on Iran and the United States signaled possible further action. Within minutes, crypto markets reacted as over $100 million in leveraged long positions were liquidated. The sudden escalation in Middle East tensions sent traders rushing to reduce risk, wiping billions from the total cryptocurrency market value.
Bitcoin Drops Below $64,000 After Strike on Iran
Bitcoin fell sharply after Israel confirmed a preventive strike on Iran. Explosions were reported in Tehran, according to officials and local sources. The news triggered immediate reactions across global financial markets.
The leading cryptocurrency declined from about $65,500 to near $63,000 within hours. At press time, Bitcoin traded around $63,600, down about 6% over the past 24 hours. Traders responded quickly as geopolitical tensions increased in the Middle East.
Matthew Dixon, a financial market trader, posted on X that Israel had carried out the attack. He cited comments from Israel’s defense minister and reports of explosions in Tehran. The post spread rapidly across trading communities.
The Israel Defense Forces later warned of possible missile retaliation. Authorities also announced a nationwide halt on schools, workplaces, and public gatherings, except for essential services. Markets reacted as investors assessed the risk of further escalation.
Over $100 Million in Crypto Long Positions Liquidated
Derivatives data showed that about $100 million in leveraged long positions were liquidated within 15 minutes. Automated sell orders added pressure as prices declined across major exchanges. The forced liquidations accelerated the downward move.
Ethereum also dropped during the same period. It moved toward the $1,800 level as broader crypto markets turned lower. Other large digital assets followed a similar trend, with red candles across trading charts.
Within one hour, more than $75 billion was erased from the total cryptocurrency market value. Market tracking platforms recorded a sharp rise in volatility. Traders reduced exposure to risk assets and shifted funds into defensive positions.
The rapid price movements reflected how sensitive digital assets remain to geopolitical developments. Crypto markets operate around the clock, so reactions to breaking news tend to occur instantly.
U.S. Position and Ongoing Tensions
U.S. President Donald Trump addressed reporters at the White House following the developments. He said the United States had not made a “final decision” on whether to strike Iran. He added that he was “not happy” with Iran’s negotiating position during nuclear talks.
Trump stated that Iran was “not willing to give us what we have to have.” He also repeated that Iran “cannot have nuclear weapons.” Indirect talks between U.S. and Iranian officials took place earlier in Geneva, with both sides reporting some progress.
Washington has increased pressure on Tehran to agree to a new nuclear deal. Trump said the United States was “ready, willing, and able” to act “with speed and violence, if necessary.” He acknowledged that “there’s always a risk” of broader conflict.
Following Israel’s strike, concerns grew about possible retaliation. Traders monitored statements from both Washington and Tel Aviv as markets remained volatile.
Global Markets React to Escalation
The drop in Bitcoin mirrored declines in other risk-sensitive assets. Investors often move capital away from volatile markets during periods of uncertainty. As a result, crypto assets faced heavy selling pressure.
Bitcoin had been trading in a relatively stable range before the news broke. The sudden change in geopolitical conditions shifted market sentiment within minutes. Trading volumes increased sharply across major crypto exchanges.
Analysts observed that leveraged positions amplified the move. When prices fell, margin calls triggered additional selling, which pushed values lower. This cycle continued until liquidations slowed.
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