Bitcoin daily losses neared 4% on Saturday as the US and Israel announced a military operation in Iran.
Key points:
- Bitcoin slides toward $63,000 after US President Donald Trump confirms a large-scale bombing campaign inside Iran.
- Trump identified nuclear facilities as primary targets in the coordinated strikes carried out with Israel.
- With traditional financial markets closed until futures reopen, cryptocurrency markets are reacting independently to the escalating developments.
Donald Trump urged Iranians to “take over your government” as tensions escalated
Data from TradingView showed Bitcoin (BTC) testing the $63,000 level as crypto markets responded to the weekend’s developments.
In a televised address, US President Donald Trump said the objective of the operation was to strike Iran’s nuclear infrastructure, but concluded by urging Iranians to seize control of their current government.
“When we are finished, take over your government; it will be yours to take,” he said.
“This will be, probably, your only chance for generations. For many years, you have asked for America’s help, but you never got it.”
With US stock market futures still closed, cryptocurrency markets were left to respond independently to the renewed geopolitical tensions.
Data from CoinGlass indicated that liquidations exceeded $250 million within four hours at the time of reporting.
“The US and Israel now appear to be at war with Iran for the second time in eight months,” trading commentary outlet The Kobeissi Letter wrote in a post on X.
Kobeissi pointed to a prior Iranian offensive in 2025, which triggered sharp and volatile moves across cryptocurrencies and other risk-sensitive assets.
Bitcoin reacts to familiar cues
With key support levels for BTC/USD still intact, the renewed escalation arrives at a critical juncture as traders approach the final hours before February’s monthly close.
As previously reported, the pair is now down by roughly the same magnitude seen in February 2025 and is on track to record a fifth straight month of losses — a streak not witnessed in seven years.
Stronger-than-expected US inflation data added further pressure on Friday, undermining attempts by Bitcoin bulls to regain important support near the $70,000 level.
