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

**February 28 Breaking Update** At 2:00 PM ET today, Israel and the U.S. led strikes against Iran, which retaliated—triggering a full-scale U.S.-Iran conflict. Former President Trump directly stated his intent to “topple the Iranian regime,” while the U.S. military noted the conflict could last for weeks. Iran subsequently fired missiles at all Gulf nations except Oman, targeting U.S. military bases. Amid intense clashes, Bitcoin led declines at 2:00 PM, dropping 3.57% in one hour before stabilizing after a sharp free fall. It now trades at $63,935. Observers noted Bitcoin’s selling pressure surged by roughly $1.8 billion within an hour at 2:00 PM; since the incident unfolded over the weekend, cryptocurrencies became the preferred asset to sell during this safe-haven event. Notably, even with major gold markets closed, gold-backed tokens surged nearly 6% post-incident. Current prices: PAXG ($5,492.98), XAUT ($5,433.49), and Binance’s XAU contract ($5,364.38). BlockBeats advises users: Market volatility has intensified amid geopolitical tensions. Invest cautiously.