Cryptocurrency Markets Decline After US and Israel Launch Strikes on Iran

Bitcoin and other cryptocurrencies experienced significant declines following confirmed military strikes by the US and Israel on Iran, with Bitcoin falling nearly 4% to around $63,000 before stabilizing near $64,000. Approximately $128 billion was wiped from the crypto market amid heightened geopolitical tensions, prompting investors to seek safer assets like gold. The attacks surprised markets expecting diplomatic talks, extending a months-long crypto selloff that began after October's leveraged position liquidations. Analysts note Bitcoin's volatility has somewhat diminished despite ongoing uncertainty.