Bitcoin Drops Near $62K After U.S.-Iran Airstrikes Reignite Risk-Off Selling
The post Bitcoin Drops Near $62K After U.S.-Iran Airstrikes Reignite Risk-Off Selling appeared on BitcoinEthereumNews.com. Bitcoin News Bitcoin fell about 2.5% on Wednesday as fresh U.S. airstrikes on Iranian targets drained risk appetite across global markets. A broad crypto benchmark slid nearly 2.9% since midnight UTC, with almost every major token in the red. The heaviest damage landed on smaller assets: of roughly $450 million in total liquidations, about $350 million came from altcoin pairs, with JUP, ETHFI and PUMP shedding between 5.5% and 9.3%. Solana erased its entire July rally in the move. Our reading of the tape is that Bitcoin, as the market’s most liquid 24/7 risk instrument, absorbed the flight to safety first while thinner books amplified the downside elsewhere. The selloff accelerated after President Donald Trump, speaking at the NATO leaders’ summit in Ankara, declared the ceasefire understanding with Iran “over” and called further negotiation a “waste of time.” His