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Bitcoin fell sharply on Saturday, dropping to nearly $63,000 following military strikes on Iran by the U.S. and Israel. This marked its lowest level since early February.In response, Israeli Defense Minister Israel Katz declared a state of emergency across all of Israel, while a U.S. official confirmed American involvement in the strikes, according to The Wall Street Journal. Bitcoin’s price decline underscores the heightened risk and instability in global markets, as investors increasingly seek safe-haven assets amid growing geopolitical concerns.The attacks have intensified tensions in the Middle East, fueling fears of a wider regional conflict. They come after weeks of U.S. military buildup and stalled negotiations with Tehran over its nuclear program. Amid this uncertainty, traders rushed to liquidate assets, with bitcoin standing out as one of the few large, liquid assets that can be quickly moved even when stock and bond markets are closed.