The escalating Israel-Iran conflict has introduced significant volatility to the crypto market. While Bitcoin initially saw a dip below $105,000, it has shown remarkable resilience, trading around $106,000. Historically, Bitcoin has experienced short-term declines during geopolitical tensions, often followed by strong recoveries.
Unlike traditional safe-havens like gold, Bitcoin's response is complex. Its decentralized nature can appeal to investors seeking independence from traditional finance during uncertainty, leading to increased trading volumes. However, its inherent volatility means it's not a clear-cut safe haven. Institutional interest and broader adoption are also playing a role, providing some support amidst the "risk-off" sentiment. The situation remains fluid, with ongoing developments dictating short-term price action.
