The price of Bitcoin (BTC USD) dropped sharply earlier this week, as Israeli airstrikes in Iran disrupted the markets. The price of Bitcoin/U.S. Dollar fell to about $102,650 on the Binance platform that day.

This coincided with an almost 5% jump in oil prices, reflecting escalating tensions in the Middle East. Cryptocurrencies and other risky assets also saw sell-offs amid the crisis, while safe-haven flows rose towards commodities like oil.