The phrase Bitcoin falls to $63k captured the market’s mood Saturday as the world braced for escalating geopolitical tensions and crypto traders absorbed the first shockwaves.
In a video address, U.S. President Donald Trump said the objective of the latest military action was to dismantle Iran’s nuclear infrastructure. He ended his remarks with a direct appeal to the Iranian public.
“When we are finished, take over your government; it will be yours to take,” Trump said, adding that it could be their “only chance for generations.” He noted that for years, Iranians had sought America’s assistance but had not received it.
While U.S. stock futures had yet to open, the cryptocurrency market wasted no time delivering its verdict on the unfolding instability. Crypto traded as the lone barometer of investor anxiety.
Liquidations Surge as Volatility Returns
Data from CoinGlass showed that liquidations topped $250 million within just four hours, underscoring the speed of the market’s reaction. Leveraged positions evaporated like mist under a rising sun.
“The US and Israel now appear to be at war with Iran for the second time in eight months,” trading resource The Kobeissi Letter wrote on X, pointing to a previous Iranian offensive in 2025 that triggered immediate and violent swings across digital assets and other risk markets.
The pattern felt familiar. When geopolitics heats up, crypto often moves first — and fastest.
