Overview
- Bitcoin fell about 3.8% to roughly $63,038 before steadying near $64,000, according to Bloomberg and Yahoo Finance.
- Ethereum declined about 4.5% to around $1,836 as the crypto market shed roughly $128 billion in value, CoinGecko data indicated.
- More than $500 million in leveraged positions were liquidated as selling volume surged, based on CryptoQuant and exchange data cited in reports.
- Analysts said Bitcoin behaved like a risk asset during the shock, with Susannah Streeter pointing to a flight to liquidity and Justin d’Anethan calling it a weekend “pressure valve.”
- The moves followed coordinated U.S. and Israeli attacks in Iran, with President Trump announcing a large-scale operation and reports of Iranian missile and drone responses.