Bitcoin Just Dropped to a 7-Week Low as US-Iran Tensions Spook the Crypto Market.

The crypto market has taken a fresh hit over the past day as fears over rising U.S.-Iran tensions sent investors running for safer ground.

Bitcoin, the biggest cryptocurrency by market value, tumbled more than 6% to $66,365 its lowest level in seven weeks. Ethereum didn’t fare much better, dropping nearly 8% to $1,841.

Altcoins got crushed even harder. Bitcoin Cash plunged over 15%, BNB fell more than 7%, and Bittensor lost over 11%. Even the broader market took a beating: total crypto market cap shrank by 5.6% to $2.29 trillion.

In the last 24 hours alone, around $766 million worth of crypto positions were forcibly liquidated as prices slid. Analysts say the sell off is largely driven by geopolitical jitters, with investors ditching risky assets across the board.

Not everything bled, though. Zcash actually rose more than 7%, while gold-backed tokens like PAX Gold and Tether Gold saw only tiny dips.

For now, everyone’s watching how the U.S.-Iran situation unfolds because as long as tensions stay high, crypto could keep feeling the pressure.