Bitcoin prices dropped below $65,000 on Saturday as the cryptocurrency market reacted sharply to reports that Israel and the United States had launched military attacks against Iran on Saturday.
The sudden escalation in geopolitical tensions triggered a wave of risk-off sentiment, where investors sell off volatile, high-risk assets like crypto and seek safer alternatives such as gold. As a result, Bitcoin fell nearly 3% on Saturday toward the low of $64,000.
When Bitcoin falls, the rest of the crypto market usually follows. The pattern played out again, as other major tokens like Ethereum (ETH) and Solana also declined alongside.
