The price of Bitcoin (BTC) today is around $104,616, down about 2.8% over the last 24 hours. This is due to a global sell-off amid escalating tensions in the Middle East, particularly after Israeli strikes on Iran, which led investors to shy away from riskier assets and turn towards gold, which rose by 1.1% during the same period.

Despite the drop to levels close to $103,274 at moments today, the price later recovered to above $105,000. This decline is part of a larger correction driven by the uncertainty of global economic policies, particularly inflation and U.S. interest rates.

Overall, many analysts continue to describe Bitcoin as "digital gold," even though it remains susceptible to sharp fluctuations ranging from ±3% or more within a single day. The balance between geopolitical momentum and global supply and demand will determine the short-term trajectory.