Geopolitical tensions are shaking the global market again. Armed conflict between Iran and Israel is causing investor anxiety and negatively impacting the movement of risky assets, including Bitcoin.
The previous price of BTC, which had approached $112,000, has now corrected and is holding in the range of $105,000. The current market sentiment is still overshadowed by concerns about escalating conflict, which makes market participants hesitant to take large positions.
Iran-Israel Tension Triggers Panic in the Market
This week, the world witnessed the increasingly serious developments in the conflict between Israel and Iran. The airstrikes launched by Israel against the command center of the Iranian Quds Force in Tehran mark a new chapter in the confrontation between these two regional powers.
The Israeli military described the attack as a response to a direct threat from Iran and its proxies in the Middle East.
The Quds Force itself is an elite unit of the Iranian Revolutionary Guard Corps (IRGC) responsible for Iran's foreign operations, including coordination with armed groups such as Hamas and Hezbollah.
The attack also killed IRGC commander Hossein Salami, who was then replaced by General Ahmed Vahidi. This Israeli move is referred to as a major blow to the Iranian military command structure.
These tensions have a direct impact on market sentiment. Amid this uncertainty, the global market shows caution. Stock indices tend to stagnate, oil prices rise close to $74 per barrel, and cryptocurrency assets experience high volatility.
Bitcoin, as the main digital asset, is affected. Although not directly related to the conflict, the cryptocurrency market remains sensitive to global sentiment, especially concerning the potential expansion of war.
