Bitcoin Drops 7% to Nine-Week Low Amid US-Iran Strikes

Bitcoin fell 7% on the day, sliding to $65,385 on Coinbase and breaking key support to hit a nine-week low, per TradingView. The token dropped below $66,000 in the largest single-day fall since Feb. 5, losing more than $4,500 on Tuesday. CoinGlass data shows roughly 277,000 traders were liquidated in the past 24 hours, with total liquidations near $1.83 billion; more than 90% were long positions, concentrated in Bitcoin and Ether.

The move erased about $150 billion from crypto market capitalization. Andri Fauzan Adziima, research lead at Bitrue Research Institute, said the sell-off was driven more by "leveraged liquidations, heavy ETF outflows, and technical breakdowns than pure Iran news, but it amplifies the fear." He expected "choppy consolidation," with real support nearer $64,000 to $65,000 and the potential for a sharp relief rally if tensions ease or macro conditions improve.

United States, Iran

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