The Bitcoin price crash today erased nearly $128 billion from the crypto market in hours, as Israel launched preemptive strikes on Iran and the U.S. confirmed “major combat operations.” Bitcoin plunged as much as 3.8% to $63,038, before stabilizing near $64,156, down 2.6% on the day. Ether dropped 4.5% to $1,835. The total global crypto market cap slipped to $2.38 trillion, reflecting sharp risk-off sentiment.

The sell-off began immediately after Israel confirmed military action and U.S. President Donald Trump announced American involvement. Markets reacted within minutes. Volatility spiked. Liquidations surged across exchanges.

Before Saturday, Bitcoin was already in a months-long downtrend from its October 2024 all-time high above…