Bitcoin fell 0.9% to $63,349 on June 22, breaking below the $64,000 support level as renewed geopolitical friction between Iran and the United States sparked a broad retreat from risk assets.
The digital currency’s decline was not isolated; major altcoins including Ether and Solana also posted losses, reflecting a synchronized pullback across the cryptocurrency sector.
The selloff extended beyond digital assets, with traditional safe havens also under pressure.
Gold and silver prices fell during the session, suggesting that the immediate market reaction to the escalating tensions was a liquidity-driven risk-off move rather than a flight to tangible stores of value.
This divergence from typical safe-haven dynamics highlights the acute uncertainty surrounding the potential for supply disruptions in the energy sector.
The market move follows a week of heightened volatility in Asia-Pacific equities, which opened lower on Thursday after Wall Street’s decline.