Bitcoin Drops Below $64K Amid Middle East Tensions

BTC-1,03%
ETH-1,09%
SOL-0,35%
  • Bitcoin dips below $64K as Israel-US attacks on Iran spark market fears, while gold rallies as a safe-haven asset.
  • U.S. Bitcoin ETFs see $1B inflows this week, signaling renewed investor interest despite geopolitical tensions.
  • Ethereum and Solana also drop, but strong ETF flows show institutions are still betting on crypto recovery.

Bitcoin (BTC) fell below $64,000 on Saturday following the news of attacks by Israel and the United States on Iran. Previously, the cryptocurrency had been viewed as a safe haven asset. However, its recent trend is quite different from the trend in gold.

Although the price of gold has risen more in the latest geopolitical tensions, the price of Bitcoin is still falling by more than 50%. The price of the cryptocurrency fell from its peak of $125,000 in October 2025. Therefore, the price of the cryptocurrency is not viewed as a safe asset like the price of gold.

It is not just the price of Bitcoin that is falling. Other popular cryptocurrencies such as Ethereum (ETH/USD) and Solana are also falling.

However, analysts are worried that the decline may be more prolonged. For example, if Iran decides to attack countries hosting U.S. military bases, then the tensions will escalate, which will push down the price of Bitcoin. As of now, $60,000 is an important level for Bitcoin. Previously, the cryptocurrency has rallied up from this point, so it’s a level for investors to focus on.

Investors are also keeping an eye on gold. It’s expected that gold prices will continue to appreciate when Asian markets resume. Generally, during geopolitical tensions, people tend to move their money from riskier assets like stocks and crypto into safer assets like gold. It’s possible that gold prices may move above previous records.

Bitcoin ETF Inflows Signal Renewed Interest

Despite the sell-off, U.S.-listed spot Bitcoin ETFs recorded over $1 billion in inflows across three sessions this week. SoSoValue data shows Tuesday through Thursday inflows totaling $1.02 billion, led by a $506 million inflow on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) contributed $275 million on Thursday alone.

Analysts suggest this reflects renewed dip-buying interest after Bitcoin’s recent slide. However, some funds like Fidelity’s FBTC and Ark 21Shares’ ARKB reported outflows. Gains from Bitwise’s BITB and Grayscale’s BTC offset these declines, keeping overall ETF flows positive.

According to blockchain analytics platform Lookonchain, one-day net inflows registered +5,445 BTC (+$360.87M), +24,359 ETH (+$47.67M), and +28,333 SOL (+$2.35M). Seven-day flows also indicate investor confidence, with 13,053 BTC, 38,971 ETH, and 546,828 SOL added to ETFs. Consequently, even amid geopolitical uncertainty, institutional investors are still engaging with the market.

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