BTC Rebounds to $102,400 Following Iranian Missile Strikes on U.S. Bases

Bitcoin Response to Middle East Developments

  • Bitcoin traded down to $99,500 but has since rebounded 2.9% to $102,400.
  • The asset is up 2.5% over the last 24 hours.
  • The CoinDesk 20 index rose by 2.1% in the same period.
  • Price drop coincided with Iran's missile strikes on U.S. bases following a military escalation.
  • No casualties reported from the attack on Qatar.
  • Gold showed minimal increase while crude oil prices fell 4%.
  • Investor behavior suggests opportunistic buying amid market volatility.
  • Notable outflows observed on exchanges indicate risk-off sentiment among some investors.