Bitcoin Falls Below Its Pre-Iran-War Level
The leading cryptocurrency crashed below 63,000 dollars and erased every gain made since the Iran war began, with a double-digit weekly drop as capital flees to AI stocks.
- Bitcoin slipped below 63,000 dollars on Thursday, erasing every gain made since the Iran war began.
- It is down 13.9 percent on the week, 18.5 percent on the month and 39.3 percent year to date.
- The price now sits about 50 percent below its all-time high of 126,198 dollars set in October 2025.
- Ethereum fell as well, while capital is rotating toward artificial-intelligence stocks.
Is this the end of a bull run that lasted for years? Not yet, but Thursday, June 4, was the day bitcoin wiped out every gain it had made since the war with Iran started and dropped back to levels last seen a few weeks ago.
The best-known cryptocurrency opened the day at 64,038.92 dollars and by 7:40 a.m. Eastern time had fallen to 62,257.81 dollars. That is a drop of roughly four percent against Wednesday, and proof that the nervousness hanging over the market for days was not a fluke. Anyone who bought near the top is now staring at red numbers wherever they look.
How far has bitcoin actually fallen?
The figures are blunt and there is no point dressing them up. On the week bitcoin is down 13.9 percent, on the month 18.5 percent, and year to date a full 39.3 percent. Its market capitalization has slipped to about 1.33 trillion dollars.
The detail that matters most for anyone tracking the daily pulse: the price has fallen below where it stood when the war with Iran began, when bitcoin opened at 65,878.93 dollars. Every gain made since then has now been erased.
- Weekly drop: 13.9 percent
- Monthly drop: 18.5 percent
- Year-to-date drop: 39.3 percent
- Distance from the record: about 50 percent
To put the level in context, it helps to look at the all-time high. Bitcoin reached 126,198.07 dollars on October 6, 2025. Today’s price is almost half that peak.
What is dragging the market down?
This is not a bitcoin-only story. Ethereum, the second-largest cryptocurrency, fell too. It opened the day at 1,810.96 dollars and dropped to 1,740.70, leaving it down 10.4 percent on the week. When both leading names fall at the same time, it usually means money is leaving the whole asset class rather than a problem with a single coin.
That brings us to the explanation heard most often these days. Capital is rotating toward stocks tied to artificial intelligence, which right now look to investors like a safer and more profitable bet than crypto. When risk money moves elsewhere, the crypto market is the first to feel the outflow.
Every gain made since the war with Iran began has been erased.
For an ordinary person holding a little bitcoin in a wallet, the message is simple. This is not a moment to panic, but it is not a moment for heroics either. Cryptocurrencies are known for sharp falls and equally sharp recoveries, so anyone stepping in should expect the numbers to swing from hour to hour.
Would you buy bitcoin in a drop like this, or would you wait for the market to settle?
