Bitcoin has declined following Israel’s airstrikes on Iran, while gold has seen an increase, reigniting debate over Bitcoin’s safe haven status.

Specifically, Bitcoin experienced renewed volatility on Friday following a significant geopolitical escalation, as Israel launched airstrikes on Iran. The conflict, which led to sharp moves across global markets, triggered a pullback in major cryptocurrencies, including Bitcoin.

Bitcoin briefly dropped below $103,000 before recovering slightly to trade at $103,964, marking a 3.66% decline in 24 hours. The largest crypto had maintained levels above $107,000 since June 9 but failed to sustain gains amid growing geopolitical tensions.