Bitcoin Drops Under $64K as Israel and US Launch ‘Preemptive Strikes’ on Iran

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Ah, the delightful world of cryptocurrency-where everything is going swimmingly until world events decide to throw a tantrum. On Saturday morning, Bitcoin and the entire crypto market experienced a spectacular freefall, losing the all-important $64K support level as if it was nothing. Why? Well, Israel and the U.S. decided to launch some “preemptive strikes” on Iran, sparking the kind of chaos that sends the crypto world into a tizzy. BTC couldn’t keep its balance, and down it went.

Bitcoin Nosedives After Israel and the U.S. Launch Preemptive Strikes on Iran

The cryptocurrency market decided to take a nose dive at the most inconvenient time: early Saturday morning. Bitcoin slid below the $64K threshold, triggering a wave of liquidations that might have made some crypto investors rethink their life choices. The result? A loss of over $175 million in leveraged positions, a dramatic shift in fortunes, and a few expletives in the air. Nice.

The prime cryptocurrency plunged to a low of $63,238 on Bitstamp after news of the preemptive strikes made its way across social media. Liquidation, as it turns out, is not a pretty sight.

According to social media (always a reliable source, right?), Tehran, Iran’s capital, was one of the locations affected by these “preemptive” airstrikes. Other spots like Qom, Isfahan, Kermanshah, and Karaj were also on the receiving end of these military gifts. The world is always so entertaining.

President Trump confirmed the involvement of the U.S. in these strikes, stating that the nation had begun “major combat operations” in Iran, presumably to defend the American people and eliminate all those “imminent threats” from the Iranian regime. So, there’s that.

Meanwhile, Israel is preparing for possible retaliation, having declared a state of emergency. All non-essential activities are on hold. That means no school, no gatherings, and basically no fun for anyone. Essential sectors, though, are still in full swing, so you can thank your lucky stars that pizza delivery is still a thing. Somehow, priorities.

And the operation is still ongoing, with reports of “dozens of airstrikes” coming from various military bases and airstrike carriers. Targets include Iranian government buildings, including the rather important office of Supreme Leader Ali Khamenei. It’s all getting very dramatic, isn’t it?

This all comes after a series of rather intense talks between the U.S. and Iran about, well, nuclear stuff. You know, the usual-levels of enrichment, global security, that sort of thing. It’s like a diplomatic tango, except someone stepped on a few toes and now things are blowing up in more ways than one.

Oh, and let’s not forget the first U.S. preemptive attack on Iran’s nuclear facilities back in June, called the “Midnight Hammer.” Trump was quite proud of the results, declaring that Iran’s nuclear enrichment facilities had been “obliterated” (yes, obliterated!). This latest strike, of course, is just a continuation of that grand, “we’ll fix it with airstrikes” policy.

FAQ

  • What caused the recent downturn in the cryptocurrency market?
    Well, Bitcoin lost its $64,000 threshold like a clumsy toddler on a tricycle, mainly due to U.S. strikes in Iran. The market reacted with a rapid decline, wiping out over $175 million in leveraged positions. Classic.

  • What specific events triggered the drop in cryptocurrency prices?
    Social media lit up with reports of “preemptive strikes” on Tehran and other Iranian cities. President Trump confirmed it, and suddenly, everyone started to panic. Classic case of world events throwing a wrench into crypto stability.

  • What actions has Israel taken in response to the U.S. military operations?
    Israel declared a state of emergency, meaning no schools, no gatherings, and no fun (except for essential sectors, of course). What a great time for everyone.

  • What were the details of the U.S. military operations in Iran?
    Oh, just a few airstrikes targeting government buildings, including the office of Iran’s Supreme Leader Ali Khamenei. No big deal. Just standard operation stuff, if you ask the Pentagon.

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2026-02-28 11:27