Bitcoin Slides Below $65K Amid Rising Geopolitical Tension

Bitcoin dropped below the $65,000 mark on Thursday after reports of increased geopolitical tension. The leading cryptocurrency lost about 1.5 percent of its value throughout the day as news circulated regarding potential military action involving Iran.

The market reacted quickly to comments from Donald Trump about a possible massive attack. As is often the case with high stakes political news, traders moved toward safer positions, putting downward pressure on crypto assets. Bitcoin was trading at $64,885 following the news.

Investors are now watching to see if the price can find support above recent lows. Markets often struggle when sudden global uncertainty spikes, so expect to see continued volatility in the coming days as the situation develops.