Bitcoin slides under $64,000 as U.S. and Israel launch strikes on Iran

The drop extends a pattern where bitcoin sells off on geopolitical shocks before recovering, as the token's 24/7 liquidity makes it one of the few large assets traders can exit over the weekend. What to know : Bitcoin fell below $64,000 in Saturday trading, dropping about 3 percent and hitting its lowest level since early February after U.S. and Israeli launched strikes on Iran. The weekend sell-off underscores bitcoin's role as one of the few large, liquid assets available to traders when geopolitical risks spike while stock and bond markets are closed. The attack on Iran heightens the risk of a broader regional conflict in a key economic area, following weeks of U.S. military buildup and stalled nuclear negotiations with Tehran.