Bitcoin Slides to $62,600 After Iran Strike, Down 2.4% in Asian Session

Bitcoin fell 2.4% in the Asian session, sliding to $62,600 after the United States launched new strikes against Iran, breaching the critical 200‑week moving average.

Asian Session: Root Causes of the Sudden Drop

The geopolitical tension sparked by the Iran strikes and a sharp rise in oil prices curbed risk appetite, amplifying sell pressure across the crypto market.

Geopolitical Shock and Oil Chain Reaction

■The U.S. operation against Iran lifted global oil prices.

■Higher energy costs heightened inflation expectations, pulling investors away from risky assets.

■DACM Chairman Richard Galvin linked the sell‑off to weakening U.S. equity futures and the surge in energy prices.

Technical Indicator: Below the 200‑Week EMA

Bitcoin slipped beneath the widely‑watched 200‑week moving average, a long‑term support level; breaching it raises the probability of further downside momentum.

Altcoin Ripple Effect

Ethereum, the second‑largest crypto by market cap, slipped 2.5%, with other altcoins echoing the sell‑off.

Market Outlook and Fed Impact

■Potential Fed rate hikes could intensify inflationary pressure and boost crypto volatility.

■Persistent energy price spikes may keep short‑term turbulence alive in risk assets.

■Bitcoin edging toward $63,000 keeps investors glued to geopolitical and macro‑economic developments.

■2.4% decline to $62,600

■Break below 200‑week EMA, technical support breach

■Ethereum down 2.5%

■Fed policy and energy prices as primary volatility drivers

Caner Yılmaz – BIST 100 Technical & Quantitative Analysis Director: "Bitcoin's fall below the 200‑week EMA signals sustained short‑term selling pressure. Geopolitical risks and upcoming Fed decisions will set the breaking points for crypto markets. Technically, a move toward the $63,000 resistance could indicate a brief rebound, but without firm support, another downside swing is likely. Risk management and position sizing are essential in this environment."