Gold dropped 1.7% to $4,380 and Bitcoin fell below $73K after US strikes on Iran. Nearly $1 billion in crypto positions were liquidated amid escalation.

Iran fired missiles at Israel on June 7, breaking the April ceasefire. Bitcoin fell below $63K from over $106K as geopolitical risk rattled crypto markets.

Gold dropped 1.7% to $4,380 and Bitcoin fell below $73K after US strikes on Iran. Nearly $1 billion in crypto positions were liquidated amid escalation.