Bitcoin slides under $64,000 as U.S. and Israel launch strikes on Iran

CN
coindesk
Follow
9 hours ago


What to know : Bitcoin fell below $64,000 in Saturday trading, dropping about 3 percent and hitting its lowest level since early February after U.S. and Israeli launched strikes on Iran. The weekend sell-off underscores bitcoin's role as one of the few large, liquid assets available to traders when geopolitical risks spike while stock and bond markets are closed. The attack on Iran heightens the risk of a broader regional conflict in a key economic area, following weeks of U.S. military buildup and stalled nuclear negotiations with Tehran.

Bitcoin fell below $64,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.
The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token briefly dipped below $60,000.

Israeli Defense Minister Israel Katz declared an immediate state of emergency across all areas of Israel. A U.S. official confirmed American participation in the strikes.

The sell-off follows a well-established pattern. Bitcoin trades 24 hours a day, 7 days a week, while equity and bond markets are closed on weekends.

That makes it one of the only large, liquid assets available for traders to sell when geopolitical risk spikes outside of traditional market hours.

The result is that bitcoin often acts as a pressure valve for broader risk-off sentiment during weekend events, absorbing selling that would otherwise spread across equities, commodities, and currencies if those markets were open.

The attack risks a wider regional conflict in one of the most economically sensitive parts of the world, following a monthlong U.S. military buildup and failed negotiations over Iran's nuclear program.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink