Bitcoin plummeted to $ 65,112 in a flash

At the beginning of the week, bitcoin BTC $67,331.12 Mezo Wrapped BTC 1.45% Market capitalization $39.29 million VOL. 24 hours $1.03 billion plummeted to $ 65,112, the lowest since the February collapse, before recovering to $ 67,402 at the opening of Asian markets. This is the first drop below $ 66,000 in the last five weeks, when the cryptocurrency has been forming a sequence of higher lows amid military escalations.

Ethereum ETH $2,052.82 Bridged Ether (StarkGate) 3.08% Market capitalization $39.71 million VOL. 24 hours $0.56 billion added 2% to trade at $ 2,044, Solana gained 0.9% to $ 83.48, and XRP rose 1.4% to $ 1.35. Despite the daily growth, the weekly figures remain negative: BTC minus 1%, ETH minus 0.9%, XRP minus 1.9%, SOL minus 3.7%. The only exception was Tron, which grew by 2.6% per day and 4.6% per week.

The reason for the drop was new reports of an escalating conflict. Iran supported the Houthis, who opened a new front, the US deployed additional troops to the Middle East, and The Wall Street Journal reported that President Donald Trump is considering an operation to remove enriched uranium from Iran. Additionally, Iran attacked two aluminum smelters, which raised metal prices by 6%.

In the energy markets, Brent rose by 2.5% to $ 115 per barrel, up almost 90% since the beginning of the year. Asian stocks fell sharply: South Korea’s index was down 3.2%, while the Nikkei was down 3.4%. After the initial drop, S&P 500 futures stabilized near zero.

Analysts note that bitcoin’s drop to $ 65,112 is technically important: it approached the February low of $ 64,000 and could mean a break in the growth trend. At the same time, rising oil and aluminum prices are expanding inflationary pressures beyond the energy sector, which complicates the Fed’s position and removes prospects for rate cuts.