#IsraelIranConflict

The price of Bitcoin has fallen to US$ 102.900, recording a drop of more than 4% in just 24 hours, after Israel conducted bombings in Tehran, the capital of Iran. The information was first reported by Axios and later confirmed by Al-Jazeera.

Israeli Prime Minister Benjamin Netanyahu stated that the attacks aim to destroy the Iranian nuclear program and its capabilities to launch ballistic missiles. He also said that the offensives will continue until this threat is completely eliminated.

This conflict comes right after the International Atomic Energy Agency (IAEA) reported that Iran has violated, for the first time in 20 years, the restrictions on uranium enrichment.

The tension has also affected the financial markets:

- Futures contracts on US and European exchanges fell by about 1.5%.

- Prices of bonds, gold, and oil rose, with crude oil seeing a significant increase of 9%.

- The US dollar appreciated against the euro and the British pound but lost strength against the Japanese yen and the Swiss franc.

We are left waiting for the outcome of the meeting scheduled for this weekend aiming for a peace agreement.