Bitcoin Price Falls to $63K as US, Israel Bomb Iran

What to Know

$63,000 — Bitcoin slid nearly 4% on Saturday as the US and Israel launched a joint military operation against Iran
$250 million in leveraged crypto positions were liquidated within four hours of the bombing announcement, according to CoinGlass data
BTC/USD is on pace for its fifth consecutive monthly loss — a streak unseen in seven years
Traditional markets were closed for the weekend, leaving crypto to absorb the geopolitical shock alone

Bitcoin price plunged toward $63,000 on Saturday after President Donald Trump confirmed that the United States and Israel had launched a bombing campaign targeting Iran's nuclear facilities. Daily losses neared 4% as crypto markets absorbed the geopolitical shock alone, with traditional markets closed for the weekend. CoinGlass data showed liquidations surpassing $250 million within four hours.

Trump Confirms Iran Nuclear Strikes

In a video address, US President Donald Trump declared that the goal of the joint US-Israel operation was to destroy Iran's nuclear infrastructure. He concluded by urging Iranians to act once strikes end. "When we are finished, take over your government; it will be yours to take," Trump said.

The operation marks the second US-Israel military engagement with Iran in just eight months. A previous offensive in 2025 triggered an immediate and volatile reaction across crypto and broader risk assets, setting a troubling precedent for the current escalation.

When we are finished, take over your government; it will be yours to take.
— Donald Trump, US President

Why Did Bitcoin Drop to $63K?

Bitcoin fell to $63,000 because traditional financial markets were shuttered, leaving crypto to bear the full weight of the geopolitical shock. TradingView data showed BTC/USD testing $63,000 as traders scrambled to de-risk without TradFi liquidity. CoinGlass confirmed over $250 million in leveraged positions were wiped out in four hours.

"The US and Israel now appear to be at war with Iran for the second time in 8 months," trading resource The Kobeissi Letter wrote on X. Kobeissi referenced the 2025 Iran offensive — an episode that sparked chaos across crypto and broader risk assets.

Fifth Straight Monthly Loss Nears

The escalation comes as BTC/USD approaches the February monthly close on track for its fifth consecutive monthly decline — a losing streak not seen in seven years. The pair has shed roughly the same percentage in February 2026 as during the turbulent February 2025 period.

Hot US inflation data released on Friday added another headwind for Bitcoin bulls. Buyers had tried and failed to reclaim key support levels closer to $70,000 before weekend turmoil compounded the damage further.

What This Means Going Forward

The next critical test for Bitcoin arrives when US stock market futures reopen and TradFi participants can finally price in the Iran conflict. If equities gap lower at the open, further downside pressure on BTC/USD is probable given crypto's strong correlation with risk assets during geopolitical stress.

Core support levels have held so far, but the combination of military escalation, elevated inflation, and a historic monthly losing streak leaves bulls with little margin for error heading into March 2026. Every investment and trading move carries risk, and readers should conduct their own research before acting.