Bitcoin is moving under pressure after President Donald Trump confirmed Iran shot down a U.S. Apache helicopter near the Strait of Hormuz and stated that the United States must respond to the attack.
At press time, Bitcoin was trading at $61,647 after falling as low as $60,700 following Trump’s remarks. The move marked a decline of roughly 2% to 2.6% over the past 24 hours, extending a difficult week for the cryptocurrency. Bitcoin has lost more than 8% over the past seven days after falling from earlier daily highs near $63,800.
The market reaction came as investors weighed renewed military tension in the Gulf against reports that the United States and Iran remain close to a framework agreement on nuclear issues. The conflicting signals have kept traders focused on geopolitical risk, oil market exposure, and Bitcoin’s ability to hold support near the $60,000 area.
Donald Trump Says U.S. Must Respond to Iran
Trump said on Truth Social that he had been informed by the U.S. military that Iran shot down an American Apache helicopter while it was patrolling over the Strait of Hormuz. He said two crew members were involved and that both were safe and uninjured.
U.S. Central Command confirmed that an Apache helicopter had gone down on Monday while patrolling regional waters. The command said the pilot and gunner were rescued within about two hours. It did not state the cause of the crash and said the incident remained under investigation.
A Central Command spokesperson said a remotely piloted U.S. Navy surface drone helped rescue the crew. The drone transported them to another location on the water before they were lifted by helicopter for further transport.
The incident came after several days of heightened tension involving Israel and Iran, followed by a fragile easing in hostilities. The Strait of Hormuz remains a closely watched area because of its importance to global energy shipments and its history as a flashpoint during periods of U.S.-Iran tension.
Nuclear Talks Remain Near Framework Deal
The military incident occurred as U.S. and Iranian negotiators were reportedly narrowing differences on a possible nuclear framework. The talks are said to cover four major points: a 15-year halt to uranium enrichment, dilution of Iran’s enriched uranium stockpile, dismantling most nuclear facilities, and expanded international inspections.
Negotiators are also discussing the possible release of about $25 billion in frozen Iranian assets. U.S. officials were described as cautiously optimistic that detailed talks could resume, although political and military resistance on both sides remains a risk.
The combination of a possible diplomatic framework and a reported military confrontation has created a divided market backdrop. Risk assets often react sharply to unexpected geopolitical headlines, particularly when the Strait of Hormuz is involved.
Amid the worries, former Binance Chief Executive Officer Changpeng Zhao commented that Bitcoin “won’t be dead for too long,” while urging traders not to panic. His remarks came as market participants debated whether the latest selloff reflected a deeper risk-off move or a temporary reaction to geopolitical headlines.
Bitcoin Price Forecast Watches $60,000 and $65,000
Bitcoin’s near-term price structure is now centered on the $60,000 to $65,000 range. The decline to $60,700 placed the market close to a psychological support area that traders are watching closely after the weekly loss of more than 8%.
A sustained break below $60,000 could increase pressure and open the door to a deeper retest of lower support levels. If buyers continue defending the area, Bitcoin may attempt to stabilize and recover toward $63,800, the earlier daily high.
Source: X
The next major upside level remains near $65,000. Analysts have noted that Bitcoin has struggled below that area, which previously acted as support after an earlier market decline and is now functioning as resistance. A move above $65,000 could shift attention toward the $72,000 to $74,000 range.
Concurrently, the data also shows signs of stress among holders. As per CryptoQuant, Bitcoin’s supply in loss on a seven-day moving average has reached 50% in 2026. Historically, readings above 50% have appeared during periods of capitulation and cycle-bottom formation, including November 2022, when Bitcoin traded below $20,000.
