A coordinated selloff across equities, metals, and crypto wiped approximately $1.88 trillion in market value on June 9, after US President Donald Trump announced a military response against Iran following the downing of an American Apache helicopter near the Strait of Hormuz. The move triggered a broad risk-off shift that hit Bitcoin, U.S. equities, and precious metals simultaneously.

Bitcoin fell to an intraday low of $60,892, extending its decline as Trump’s Truth Social post confirmed U.S. Central Command had launched retaliatory strikes against Iranian military targets. The geopolitical escalation raised fears that the ceasefire established earlier this year could unravel, increasing the risk of a broader regional conflict.

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