Bitcoin’s price dropped below $64,000, going close to $63,000 on Saturday.
This happened after the U.S. and Israel carried out military strikes on Iran.
It was Bitcoin’s lowest price since early February.
After the attacks:
Israel’s Defense Minister Israel Katz announced a state of emergency in Israel.
A U.S. official confirmed that America was involved in the strikes.
Why did Bitcoin fall?
When there is war or political tension, investors get worried.
They often sell risky assets like Bitcoin and move their money into safer investments (like gold or government bonds).
Because of the fear of a bigger conflict in the Middle East:
Many traders quickly sold their assets.
Bitcoin is easy to trade anytime, even when stock markets are closed, so many people sold it quickly.
In simple words:
