Bitcoin Rebounds After Geo-Political Shock: BTC recovers to around $65k as US-Israel strike Iran roils markets

Bitcoin briefly fell from about $65,572 to $63,176 overnight after the US and Israel began major combat operations in Iran, but has since rebounded to around $65,051. Ethereum and other major altcoins also slid and then recovered. Crypto liquidations surged to roughly $490 million in the last 24 hours, led by Bitcoin and Ethereum longs. BTC sits about 23% lower than its month-ago level and roughly 50% below its all-time high, with geopolitical turmoil continuing to impact crypto markets.