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$BTC slipped to $65,000 after Israel took action that analysts say has clouded prospects for a U.S.-Iran peace deal, injecting fresh geopolitical risk into markets.
The move sent the flagship cryptocurrency lower as traders weighed the potential for escalating Middle East tensions.
The Geopolitical Trigger Israel's action — coming at a moment when U.S.-Iran diplomatic engagement had been generating cautious optimism — rattled risk appetite across markets.
Peace hopes between Washington and Tehran had been providing a degree of stability; Israel's move undercut that backdrop and prompted a repositioning in assets sensitive to macro uncertainty, including $BTC.
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