Bitcoin Drops Below $62,000 After Trump Orders Iran Strikes

Bitcoin fell to $61,400-$61,780 on June 10 after President Trump ordered retaliatory strikes on Iran, extending weekly losses to 7.6%. The move caps a two-week policy storm that included Sanders-Warren opposition to crypto in $14.2 trillion of 401(k) plans, Lummis warning the Clarity Act may miss its last window until 2030, and a 1,250% Basel risk weight threatening bank participation. Earlier, Trump’s $2.3 billion crypto profits drew bipartisan scrutiny while $4.4 billion exited spot ETFs and MiCA cut authorized European firms to 210. Hotter-than-expected CPI data due June 10 now adds further downside pressure.