$BTC BTC$104,108.77

has substantially added to earlier losses, now down more than 4% over the past 24 hours to $105,096 as Israeli forces appear to have bombed targets in Tehran, the capital of Iran.

Axios first reported that Israel had conducted an operation inside Iranian airspace, citing unnamed sources, with Al-Jazeera later confirming that explosions were heard in Tehran.

This comes hours after the International Atomic Energy Agency said that Iran was not complying with restrictions on enriched Uranium for the first time in two decades.