$BTC $BTC Bitcoin Tanks as Iran-Israel Conflict Shakes Global Markets

Bitcoin plunged to $102,664 on Friday, marking a three-day losing streak as geopolitical tensions exploded between Israel and Iran, triggering a global risk-off wave.

🔺 The Spark:

A New York Times report on Wednesday revealed U.S. and European officials feared Israel was preparing to strike Iran. That fear turned real when Bloomberg confirmed Israeli attacks on Iranian nuclear and military sites early Friday.

💥 Iran’s Response:

Iran vowed “harsh” retaliation and threatened to hit U.S. bases in the region. In response, the U.S. evacuated diplomats from Iraq and authorized military families to leave key Middle East zones.

📉 Market Fallout:

$448M in Bitcoin liquidations

$1.15B wiped from crypto markets

Bitcoin, once near all-time highs, fell over 7% from Monday’s $110K+

💼 Trade Tensions Add Fuel:

Optimism from U.S.-China trade talks faded fast after President Trump threatened new tariffs by July 9—adding more uncertainty to already fragile markets.

🧠 Bottom Line:

War fears and trade turmoil are spooking investors, hammering crypto. With global tensions rising, Bitcoin and risk assets could face more pain ahead.