CoinDesk
Bitcoin slipped to $62,900 at 4:00 UTC Monday as renewed military exchanges between Iran and Israel shattered a fragile ceasefire and sent shockwaves through global risk assets. BTC had briefly touched $63,776 late Sunday before the geopolitical shock erased the overnight gain.
Why it matters
The conflict reignited a full risk-off rotation across asset classes. WTI crude futures surged more than 3% to $93.50, adding fresh upward pressure on U.S. Treasury yields that had already spiked Friday following a blowout jobs report. Higher yields strengthen the dollar and drain liquidity from risk assets — a double headwind for Bitcoin. South Korea's KOSPI cratered 6.8%, triggering a temporary trading halt, while Japan's Nikkei dropped over 3%. U.S. President Donald Trump urged restraint, telling Axios he called Israeli Prime Minister Netanyahu directly: "Israel had its strike and Iran had its strike. We don't need another one." Markets are not yet pricing in de-escalation.
Market impact
Bitcoin has now shed roughly 14% over the past week, briefly breaching $60,000, weighed down by a convergence of pressures: Strategy's BTC liquidation, capital rotation into AI equities, and a record $1.72 billion in weekly net outflows from U.S.-listed spot Bitcoin ETFs — the largest weekly redemption in over a year, dwarfing the $318 million outflow seen during February's dip. Volatility is expected to remain elevated as traders navigate geopolitical headlines alongside U.S. inflation data and high-profile IPOs including SpaceX and Anthropic, all of which could further shift liquidity dynamics.
WuBlockchain
CoinTelegraph
Benjamin Cowen
TheBlock