The Economic Times

Bitcoin price crash today: $128B wiped out in 1 hour as Israel strikes Iran is BTC recovery now on a dangerous road?

$128 billion vanished from the crypto market in just one hour. The Bitcoin price crash today followed confirmed Israel airstrikes on Iran and U.S. military involvement announced by Donald Trump. Bitcoin fell 3.8% to $63,038 before steadying near $64,000. Ether dropped 4.5%. The total crypto market cap slid to $2.38 trillion. Ether fell 4.5% to $1,835. XRP dropped 3.96%. President Donald Trump confirmed U.S. forces launched major combat operations in Iran, with explosions reported across multiple provinces including central Tehran, the office of Supreme Leader Ali Khamenei. Israeli Defense Minister Israel Katz declared a national state of emergency. Iran's state media promised a crushing response. Markets heard all of it. Bitcoin, already down from its October peak above $126,000, now sits at a critical crossroads.