Bitcoin Tumbles to Three-Day Low Amid US-Iran Escalation

Bitcoin's price fell to a three-day low of $64,799 on Bitstamp as tensions between the US and Iran escalated.

The move lower was part of a broader pattern in which equities and other high-beta assets struggled, with the S&P 500 falling 1.2% and the Nasdaq dropping 2.2% by the close of New York trading.

Oil prices rose sharply to their highest level since early June, topping $100 per barrel, while US 10-year bond yields hit an 18-month high.

Crypto traders were split on whether BTC's recent relief would extend or fade, with some viewing the current decline as a continuation of bearish momentum and others seeing it as consolidation before the next attempt higher.