Bitcoin fell more than 2% overnight and briefly dropped below $62,000 as rising U.S.-Iran tensions drove a wider risk-off move across oil, equities and crypto markets. HTX data showed BTC was later quoted at $62,316.
Conflict broadens across the region
According to BlockBeats, the U.S. military said it had struck Iran for a third consecutive night and had started blocking Iranian ports, while multiple locations in Iran came under attack. The conflict also spread to regional partners. The United Arab Emirates said two of its oil tankers were hit by two Iranian cruise missiles south of the Strait of Hormuz. Yemen’s Houthi forces also exchanged attacks with Saudi Arabia overnight.
The report said the U.S.-Iran confrontation appears to have moved into a more chaotic phase.
Trump signals talks, markets stay defensive
Even with the fighting intensifying, President Donald Trump said in a national address that a deal with Iran remained possible. He said, “Iran wants to make a deal and has resumed contact with the U.S.”
That message did little to calm trading. Safe-haven demand stayed elevated across markets.
Oil jumps, Nasdaq leads losses
Bitget market data showed the two major oil benchmarks rose nearly 10% in a single day. Gold briefly fell below the key $4,000 support level.
On Wall Street, the Nasdaq dropped 1.55% to 25,873.18, the weakest among the three major U.S. indexes, and closed below its 50-day moving average. The Dow fell 0.26%, while the S&P 500 lost 0.79%.
BIT (bit.com) market data showed a broad semiconductor sell-off. Nvidia fell 3.52% to $203.53, Broadcom dropped 3.98% to $384.05, AMD lost 4.21%, and ARM fell nearly 8%. Among memory names, Micron at one point fell more than 7%, SanDisk dropped more than 12%, and SK Hynix ADRs fell more than 9%.
Apple moved the other way. Its shares rose 0.71% to $316.91 and touched a record high during the session.
Waller adds to pressure
The report also cited Federal Reserve Governor Christopher Waller, who spoke in New York on Monday and delivered remarks that were more hawkish than markets had expected. Waller said clearly that if this week’s core inflation data comes in hot again, the Federal Open Market Committee could consider tightening monetary policy in the near term.