Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump’s China Charge, but Onchain Data Points to Buyers

Bitcoin price fell below $63,000 and $62,500 as U.S. strikes on Iran and renewed U.S.-China tensions triggered a risk-off sell-off, mirroring pressure on US stocks. While the asset faced rejection at local highs, analysts note that resilient onchain data and renewed ETF inflows suggest buyers are quickly returning to the market. This downward movement follows a second day of correlation with stocks, driven by the downside risks associated with the US-Iran conflict.