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03/06/26 02:56 UTC-04

Bitcoin Falls to $65K After Strategy Sale Amid Rising Iran Tensions

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin Falls to $65K After Strategy Sale Amid Rising Iran Tensions

Bitcoin dropped to its lowest level in more than two months on Wednesday, extending a sharp decline after the largest corporate holder of cryptocurrency — Strategy — sold part of its holdings, which the market interpreted as a bearish signal.

Ongoing tensions between the U.S. and Iran, alongside renewed military clashes, continued to weigh on investor appetite for risk assets, including crypto.

Bitcoin fell 6% to $65,485.2 — its lowest level since late March — before partially recovering to around $66,855.3.

Strategy Sale Shook Markets as ETF Outflows Continue

Strategy disclosed on Monday that it sold 32 BTC between May 26 and May 31 at an average price of $77,135, raising about $2.5 million.

Although the sale was small relative to its total holdings, it added to bearish sentiment in an already fragile market.

Strategy shares also dropped to a near two-month low following the announcement.

Liquidity outflows were also observed ahead of a major SpaceX IPO expected next week, further reducing crypto market demand.

Investor attention has been shifting toward AI-related equities, weakening interest in cryptocurrencies.

This is reflected in continued Bitcoin ETF outflows: more than $3 billion has been withdrawn over the past three weeks. According to SoSoValue, nearly $1 billion flowed out on Monday and Tuesday alone, marking the 12th consecutive day of negative flows.

Crypto Market: Altcoins Follow BTC Lower Amid Iran Tensions

Most cryptocurrencies declined alongside Bitcoin as risk aversion increased due to escalating U.S.–Iran tensions.

  • Ethereum (ETH) fell 5.5% to $1,874
  • XRP dropped 2.5% to $1.2331
  • Solana, Cardano, and BNB lost 2–6%
  • Dogecoin fell 5.4%
  • $TRUMP declined 0.3%

The U.S. and Iran exchanged strikes last week — the third such escalation within a week.

The situation escalated after reports that Iran had refused indirect negotiations with the United States.

Despite U.S. officials claiming talks were ongoing, Iranian media reported no new dialogue.

Oil prices surged sharply this week, increasing concerns about broader economic impacts of the conflict.

See also: "Crypto Crash Wipes Out 7% in 24 Hours: What’s Next?"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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