Bitcoin's price continues to react sharply to US-Iran tensions, with recent gains erased by new strikes and warnings of further military action adding to market uncertainty.
Bitcoin saw a volatile weekend, surging past $63,000 and triggering over $504 million in short liquidations before geopolitical tensions caused a swift pullback.
Bitcoin's value has plummeted over 50% from its 2025 peak, wiping out all gains made since the 2024 US Presidential election.
Bitcoin swiftly recovered above $61,000 after a sharp overnight dip to $59,227, triggered by a strong jobs report that also impacted traditional financial markets.
Bitcoin recently saw its price fall to **$62,000**, prompting MicroStrategy's Michael Saylor to reiterate his unwavering belief in the cryptocurrency's long-term value and strategic importance.
A novel theory circulating on social media suggests that recent Bitcoin price instability, including its re-testing of February lows, could be linked to Iranian sanctions rather than typical institutional selling.
Bitcoin's price experienced a downturn, falling below $72,000, amid escalating geopolitical tensions involving Iran and a statement from former President Trump.