Iran risk grows, BTC could fall below $60K

Bitcoin (BTC) could see further declines amid expanding geopolitical risks in the Middle East, CoinDesk reported. While BTC is currently holding the $63,000 level, there is speculation it could test the $60,000 support line as a broader risk-off sentiment spreads when traditional financial markets reopen. The initial sell-off shock was absorbed amid thin weekend liquidity, but analysts suggest a second wave of synchronized selling could occur if stock, bond, and oil markets fall sharply at the start of the trading week. In particular, a surge in oil prices could reignite inflation concerns, potentially increasing volatility across all risk assets. The market is identifying the $60,000 level, which held during the sharp drop on Feb. 5, as a key short-term support zone.