BTC Plunges Toward $63K Following US-Israel Military Strikes on Iran
The leading cryptocurrency confronted geopolitical turbulence in isolation during weekend military actions against Iran while conventional financial markets remained shuttered, though critical price floors persisted.
The price of Bitcoin (BTC) experienced daily declines approaching 4% on Saturday following announcements from the US and Israel regarding military operations conducted in Iran.
Key points:
- The cryptocurrency sets its sights on $63,000 after US President Donald Trump validates an extensive bombing operation within Iranian territory.
- Nuclear facilities are emphasized by Trump as a primary objective of the coordinated strikes with Israel.
- Digital asset markets respond independently as traditional finance trading remains paused until futures markets reopen.
Trump tells Iranians: "Take over your government"
Information from TradingView revealed BTC price movements approaching the $63,000 threshold as cryptocurrency markets responded to the unfolding weekend developments.
During a video statement, President Donald Trump of the United States explained that the objective of the military operation centered on targeting nuclear infrastructure within Iran, though he concluded his remarks by urging Iranian citizens to seize control from their current government.
"When we are finished, take over your government; it will be yours to take," he said.
"This will be, probably, your only chance for generations. For many years, you have asked for America's help, but you never got it."
Because US stock market futures had not yet commenced trading, the cryptocurrency sector stood alone in determining its response to emerging geopolitical tensions.
Information from CoinGlass indicated liquidations surpassing $250 million during the four-hour period leading up to the time of writing.
"The US and Israel now appear to be at war with Iran for the second time in 8 months," trading resource The Kobeissi Letter wrote in a response on X.
The Kobeissi Letter made reference to an earlier Iranian offensive that occurred in 2025 — an incident that triggered an instantaneous and volatile response throughout cryptocurrency markets and risk assets.
Bitcoin reacts to familiar cues
While fundamental support thresholds continue to maintain for BTC/USD, this renewed escalation arrives at a critical juncture for market participants as the remaining hours count down toward the February monthly close.
According to Cointelegraph's previous reporting, the trading pair currently shows declines approximately matching those recorded in February 2025, and appears set to confirm its fifth straight month of negative returns — a streak not witnessed in seven years.
Elevated US inflation figures introduced an additional obstacle for Bitcoin bulls during Friday's trading session, following unsuccessful attempts to recover crucial support thresholds nearer to the $70,000 mark.