#IsraelIranConflict Crypto markets are under pressure as the threat of a regional war in the Middle East continues to escalate. Bitcoin (BTC) fell nearly 5% to a daily low of $102,822 on Friday, June 13, as Israel’s pre-dawn strike on Iran sparked risk-off sentiment in the market.

Bitcoin fell on the rising tensions, while crude oil, a common trend during Middle East crises, rose 14%. Gold rose 1.74% to $3,438.36 an ounce. Still, analysts believe the crypto market will bounce back soon, depending on the easing of tensions or a shift in the broader Bitcoin narrative.