Bitcoin briefly rose after the death of Iran’s leader but fell once Trump signaled a potential extended military operation in the Middle East. The broader crypto market shed over $120 billion in value since the first airstrike on Saturday. BTC dipped to around $63,000 over the weekend and is currently trading near $66,197, roughly 10% below its pre-strike range. The move comes as risk sentiment deteriorates and a wide market decline unfolds.
Brent crude rose more than 7% to near $82 per barrel, fueling inflation concerns and potentially delaying Federal Reserve rate cuts. Gold rose about 2% as a traditional safe haven, but Bitcoin failed to act as a hedge and moved in tandem with other risk assets. Major altcoins including Ethereum, XRP, and Cardano also declined; ETH faces resistance around the $1,960 level, while XRP trades near $1.37. On-chain data show sizable exchange inflows, interpreted as investors repositioning ahead of potential further declines.
Solana recorded double-digit weekly losses, underscoring broad market anxiety. BTC remains in the 63,000–65,000 range on the 4-hour chart, with a daily close below $64,000 potentially re-testing the 200-day moving average. The RSI sits near 30, signaling oversold conditions, suggesting a possible brief relief rally if war tensions ease. Across the crypto space, leveraged positions saw about $257.77 million liquidated in the last 24 hours, with BTC and ETH contributing 83.9% of total liquidations.
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