Bitcoin fell 2.8% below $63K as US military strikes on Iran triggered risk-off selling. The asset is now down 28% from its January 2026 high above $93K.

US strikes on 170 Iranian targets and Iran's retaliation sent Bitcoin to $63K before a rebound. Here's what the conflict means for crypto markets.

Geopolitical tensions and renewed fears of U.S.-China frictions are weighing on risk assets, including bitcoin.