Bitcoin: Markets Erase $1 Trillion on Iran Tensions

Bitcoin fell 2.2% and lost $40 billion in market value after Iran's President declared the country would never surrender, triggering a one-hour wipeout of almost $1 trillion across US stocks, metals and crypto. The S&P 500 shed 0.6% or $414 billion, the Nasdaq dropped 1.1% or $149 billion, gold declined 0.8% or $242 billion and silver fell 1.5% or $55 billion as traders priced in a prolonged US-Iran conflict that would lift oil prices and stoke inflation. Historical Bitcoin price reaction to US-Iran geopolitical tensions shows similar sharp but short-lived volatility spikes over the past year.

With BTC trading at $84367.4 inside the Bollinger Bands, price is testing upper resistance at $89105.86 while the 50-EMA at $82025.76 and 200-EMA at $76886.16 continue to act as layered support; the neutral RSI at 54.16 paired with the MACD death cross at 1456.7 suggests a healthy retracement toward the 50-EMA before any continuation higher amid the crypto market crash narrative.