Bitcoin Dips to $64,000 Amid US-Israel Strikes, Altcoins React Bearishly

Bitcoin's price has taken a hit following the recent US-Israel joint strikes on Iran, with a significant drop to $64,000 over the past 24 hours. This bearish reaction is not limited to Bitcoin alone, as major altcoins like Ethereum, BNB, XRP, Solana, and Cardano have also lost value.

The Israel-US joint strikes have triggered a state of emergency in Israel, according to reports from The Wall Street Journal. US officials have confirmed their involvement in the operation, adding to the geopolitical tensions that are impacting cryptocurrency markets.

Technical analysis suggests that Bitcoin's price may have hit its lowest since February, with potential further drops to $60,000 on the horizon. However, a successful retracement could lead to a bullish walk, indicating a shift in fundamental momentum and turning the selling zone into a demand zone for liquidity injection.