#IsraelIranConflict

Bitcoin took a downturn below USD $107k amid reports of a possible Israeli attack on Iranian nuclear facilities. The cryptocurrency market turned bearish but shows signs of recovery.

The cryptocurrency market reacted negatively following developments in the Middle East.

After a day of relative stability in the cryptocurrency market, Bitcoin (BTC) has been hit again by volatility, with trends pointing downward amid renewed tensions in the Middle East.

Reports on Tuesday suggest that Israel is ramping up preparations for a possible attack on Iranian nuclear facilities, which has led to a significant escalation of tensions.

According to NBC News, Israel has become more serious about an attack on Iran, as negotiations between the United States and Iran seem closer to an agreement that would include provisions on uranium enrichment, which Israel considers unacceptable.

The United States fears that if Israel goes ahead —without its consent— with such an attack, it could trigger a broader regional conflict and sabotage nuclear negotiations with Iran. This follows President Donald Trump's supposed advancement in talks with Tehran regarding a diplomatic agreement to reduce its nuclear program.