Bitcoin tumbles toward $62,000 as reported US and Israeli strikes on Iran erase $128B in crypto value

Bitcoin fell as much as 4.2% to $62,938 and Ether dropped 5% to $1,783 after Israel said it had carried out a preemptive strike on Iran, with around $128 billion in crypto market capitalization wiped out. Former US president Donald Trump released an eight-minute Truth Social video stating the US took part in the action and describing the aim as removing what he called imminent threats from Iran.