$BTC

Market Reaction to Israel–Iran Tensions

Bitcoin has dropped 2–4% amid the recent escalation between Israel and Iran. Prices briefly tumbled below $103,000, hovering in the $104k–105k range today .

This sharp sell-off occurred as investors fled riskier assets, shifting into traditional safe havens like gold (which rose ~1%) and the U.S. dollar .

Crypto commentators highlight that this behavior challenges Bitcoin’s “digital gold” narrative: Peter Schiff remarked that buying gold, not Bitcoin, served as the true refuge during this period of geopolitical stress .

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Key Price Highlights

Intraday low: ~$103,081

Intraday high: ~$108,376

24‑hour change: roughly –2.3%

Support zone: technical analysts are watching the $103k–$104k level; a breakdown could test the $100k zone .

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What to Watch Next

1. Geopolitical developments – Any further Iran–Israel action can trigger renewed volatility.

2. Macro safe‑haven trends – Monitoring gold prices, currency strength, and bond yields may indicate broader investor risk sentiment.