Bitcoin Price Tumbles Below $62.5K as US-Iran War Weighs on Stocks and Crypto

Bitcoin dipped below $62,500 at Friday's Wall Street open as stocks took a fresh hit from the US-Iran war.

The conflict pushed both stocks and cryptocurrency lower, with Bitcoin's price action staying 'very choppy' according to trader Daan Crypto Trades.

BTC/USD extended losses with up to 2% daily downside, as data from TradingView showed.

Traders are experiencing a sense of déjà vu as local highs spark rejection and rangebound moves continue.