Bitcoin falls below $66K as US and Iran launch new strikes
Bitcoin fell 7% to a nine-week low near $65,385 after renewed US-Iran strikes and stalled ceasefire talks intensified risk-off sentiment. The drop followed the biggest daily decline since Feb. 5, with BTC losing more than $4,500 on Tuesday and breaking key support below $66,000. Over the past 24 hours, about 277,000 traders were liquidated for roughly $1.83 billion, with more than 90% of positions being longs, mostly in Bitcoin and Ether. Analysts said the sell-off was driven mainly by leveraged liquidations, ETF outflows, and technical breakdowns, while the Iran conflict amplified fear. Support is seen around $64,000–$65,000, with a possible relief rally if tensions ease or macro conditions improve. The broader crypto market shed about $150 billion in capitalization amid continuing military escalation and uncertain diplomacy.
