Bitcoin Slides Toward $61K as US-Iran Strikes Erase June 8 Rally

Bitcoin traded near $61,000 on June 10 after US retaliatory strikes on Iran reignited geopolitical risk and erased the prior relief rally. The move followed a sharp reversal from the June 8 spike to $64,128 on ceasefire hopes, with renewed Iranian missile attacks and US military action triggering broad risk-off flows. Spot Bitcoin ETFs recorded more than $5 billion in outflows over four weeks, while oil prices surged and the Crypto Fear & Greed Index remained in extreme fear territory, leaving $59,000 support exposed.