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Bitcoin has taken a sharp hit, dropping below $65,000 on Saturday. This plunge came right after news broke of military strikes by Israel and the United States on Iran. The crypto world felt the shockwaves immediately, as fear spread among investors.

What Sparked the Sudden ?

The main trigger was the escalation in the Middle East. Reports of attacks on Iran led to a rush for safety. In times like these, investors dump risky assets like cryptocurrencies and move to safer ones like gold or bonds. This “risk-off” mood hit hard.

At around 12:58 pm UTC on Saturday, was down nearly 3%, heading toward $64,000. It’s not just Bitcoin – the whole market followed suit. Ethereum and Solana saw even bigger drops.

• Ethereum (ETH): Fell to about $1,869, down $60 or 3.14%.
• Solana (SOL): Traded at $78.94, dropping almost 4% in 24 hours.

This wasn’t a one-off. Bitcoin was already sliding from its all-time high above $126,000 in October 2024. The latest news just sped up the downtrend.

Why Do Hit Crypto So Hard?

Cryptocurrencies are seen as high-risk bets. They thrive in calm markets but suffer during uncertainty. Here’s why:

1. Global Links: Crypto trades 24/7 worldwide. Bad news anywhere ripples fast.
2. Leverage and Fear: Many traders use borrowed money. A small drop forces big sales.
3. No Safe Haven Status: Unlike gold, Bitcoin isn’t yet a go-to safe asset.

History shows this pattern. Remember the 2022 Russia-Ukraine war? Bitcoin dropped over 10% in days. Similar dips happened during other conflicts.

Expert Views: Fear Rules, But Opportunities Lurk

Market watchers call this one of the steepest single-day drops in months. Piyush Jhunjhunwala, a top crypto voice, says these falls spark massive fear. Investors sell “high beta” assets – ones that swing wildly.

“Geopolitical flare-ups can keep volatility high. But history teaches us: panic sells often create buy chances for patient holders once dust settles.”

His advice for long-term players:

• Use strict risk management.
• Avoid high leverage.
• Don’t panic-sell on news.
• Hold steady positions.

Short-term traders? They face wild swings until tensions ease.

Safe Havens Shine: Gold and Silver in Focus

While crypto bleeds, traditional safe assets gain. Gold doesn’t trade weekends, but experts predict a jump when Asian markets reopen Sunday night.

Anuj Gupta, a registered market pro, expects gold and silver to open higher Monday. “Rising US-Iran buzz boosts uncertainty. Investors will flock to these metals,” he notes.

This shift highlights crypto’s youth. Gold has centuries of trust; Bitcoin just 15 years.

Technical Look: Where’s Headed Next?

Bitcoin now tests key support at $64,000. A break below could eye $60,000. Resistance sits at $67,000.

Watch these levels:

Broader market cap? Down billions in hours. Altcoins hurt more due to lower liquidity.

Lessons for Crypto Investors in Turbulent Times

1. Diversify: Don’t go all-in on one coin.

2. Stay Informed: Track global news, not just charts.

3. Build Resilience: Use stop-losses wisely.

4. Think Long-Term: Bitcoin’s past crashes led to new highs.

From 2018 lows to 2024 peaks, holders won big. This dip? Could be another entry point if tensions cool.

What’s Next for the ?

Markets await Iran’s response and any de-escalation. US stock futures dipped too, signaling wider fear. Fed rate cuts or ETF inflows could aid recovery.

Key events to watch:

• Monday gold open.
• Middle East updates.
• Bitcoin ETF flows.
• US economic data.

For now, volatility reigns. But crypto’s story is far from over. Dips like this test resolve – and reward the steady.

Final Thoughts

The drop below $65,000 shows how outside forces shape crypto. Stay calm, manage risks, and eye the horizon. In bull or bear, knowledge is your edge.

Will this crash mark a bottom or more pain? Time – and headlines – will tell.