Bitcoin plunged to $66,000 in Asian trading Monday, down 2.1% as escalating U.S.-Israel strikes on Iran triggered a global risk-off rally. The cryptocurrency hit a low of $63,000 over the weekend amid fears of prolonged Middle East conflict. Oil prices surged 7% as traders priced in potential Strait of Hormuz disruptions, while U.S. stock futures dipped, signaling broader market unease. Altcoins like Ethereum (-2.2%) and Cardano (-5%) suffered steeper declines, reflecting investor flight from risk assets. Market analysts note Bitcoin’s correlation with equities is strengthening, undermining its traditional “safe-haven” narrative. Geopolitical volatility now dominates crypto trading, with traders awaiting signals on whether tensions will de-escalate or deepen.