US-Iran Conflict Escalates, Bitcoin Holds Key Support at $63,000, Gold Token Surges Nearly 6%

BlockBeats News, February 28: This afternoon at 14:00, Israel and the United States took the lead in attacking Iran, which then retaliated, leading to a full-scale US-Iran conflict. Trump directly stated his intention to "take over the Iranian regime," and the US military said the conflict could last for weeks. Iran then launched missiles at all Gulf countries except Oman, targeting US military bases.

In the midst of intense military conflict, Bitcoin led the decline at 14:00, dropping 3.57% in one hour, then stabilizing after a free fall, now trading at $63,935. Some observers pointed out that Bitcoin's selling pressure surged by approximately $1.8 billion within one hour at 14:00. Due to the incident occurring over the weekend, cryptocurrency became the preferred asset for sale in a safe-haven event.

Furthermore, despite the mainstream gold trading market being closed, gold-backed tokens surged by nearly 6% after the incident, with PAXG now at $5492.98, XAUT at $5433.49, and the XAU contract on Binance at $5364.38.

BlockBeats reminds users that market volatility has intensified under geopolitical influence, and users should invest cautiously.