Bitcoin Drops Below $64,000 After U.S. Strike on Iran and Trump’s China Election Claims

Bitcoin BTC$63,264.25 fell on Friday as Asian stocks declined after fresh U.S. airstrikes on Iran heightened geopolitical uncertainty. Additionally, President Donald Trump’s allegation that China interfered with the 2020 election dampened risk sentiment, causing the Australian dollar to slide.

Bitcoin, the premier cryptocurrency by market capitalization, slipped to $63,600, marking an additional decline of nearly 1.4% from Thursday’s $65,000 level, according to CoinDesk. At the time of writing, it remained just below its 50‑day simple moving average, a key gauge of near‑term momentum.

Asian equity markets retreated, with Japan’s Nikkei dropping nearly 3% to its lowest level in more than a month. Australia’s ASX 200 fell 0.5%, while Nasdaq futures slipped 0.8%. Wall Street’s technology‑focused index declined by over 1.6% on Thursday.

Iran’s semi‑official Fars News Agency reported, via the Hormozgan Province Governorate, that U.S. airstrikes struck five bridges in southern Hormozgan province and that a missile also hit the Chabahar maritime control tower. Notably, WTI crude oil futures remained near $79 per barrel, seemingly unmoved by the renewed geopolitical tension from the latest U.S. attacks on Iran.

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