Over the weekend, Bitcoin — the world’s largest cryptocurrency — skidded sharply lower, slipping beneath the $64,000 price level as fresh geopolitical tensions flared in the Middle East. The sudden slide wiped out billions of dollars in crypto market capitalization and echoed how modern digital markets are increasingly intertwined with global risk events.

According to Peiknet, geopolitical shocks during low-liquidity weekend trading often accelerate algorithm-driven sell-offs in crypto markets.

Market Mayhem After Military Strikes

On Saturday, reports surfaced of multiple explosions in Tehran, Iran’s capital, shortly after the United States and Israel initiated coordinated strikes against Iranian targets. The…