Bitcoin Falls Below $64,000 as Fresh Iran Strikes and China Tensions Rattle Markets

Bitcoin dropped below $64,000 today, slipping to around $63,600 as fresh U.S. airstrikes on Iran added to market uncertainty. The decline extended a nearly 1.4% slide from the previous day, pushing the btc just below its 50-day moving average, a key indicator of short-term momentum.

Asian equity markets also weakened, with Japan’s Nikkei falling close to 3% to its lowest level in over a month, while Australia’s benchmark index and Nasdaq futures both slipped.

Strikes Hit Southern Iran as Oil Prices Stay Calm

Iranian state media reported that U.S. strikes targeted several bridges and a maritime control tower in the country’s south. Despite the escalation, oil prices remained largely unchanged, holding steady near $79 per barrel.

Trump’s China Election Claims Add to Market Jitters

Adding to the uncertainty, President Trump declassified intelligence material alleging Chinese interference in U.S. elections, claiming Beijing had obtained records on 220 million American voters.

China’s embassy denied the accusations. Analysts noted that while the dispute itself may not directly move markets, it introduces fresh friction into U.S.-China relations ahead of a planned meeting between Trump and Chinese President Xi Jinping in September. The Australian dollar, often viewed as a proxy for China-related sentiment, weakened against the U.S. dollar following the announcement, reflecting broader concerns that renewed tension between the two countries could spill over into other risk assets, including Bitcoin.