Bitcoin Drops to $103,162 as Middle East Tensions Escalate
Bitcoin fell to $103,162 amid escalating Middle East tensions following Israeli attacks on Iranian nuclear and missile facilities. The price is 2% lower than 24 hours ago.
Israeli Prime Minister Benjamin Netanyahu confirmed the strikes aimed at neutralizing the Iranian threat and indicated that military actions will continue if necessary.
This escalation followed an International Atomic Energy Agency (IAEA) report on Iran's non-compliance with uranium enrichment restrictions. U.S. President Donald Trump acknowledged the potential for a “massive conflict”, while hoping for diplomatic resolutions.
Market reactions included:
- European stock indices declined: Euro Stoxx 50 down 1.4%, FTSE 100 down 0.7%
- U.S. futures lost about 1.4%
- Gold rose 1% to $3,436 per ounce
- Oil prices spiked up to 9%, settling 5.6% higher
- Dollar strengthened against euro and pound, weakened against yen and Swiss franc