$BTC The conflict in the Middle East is escalating, while Bitcoin drops, but only slightly.

Late Thursday evening, Israel carried out a preemptive strike on neighboring Iran, which prompted retaliatory actions on Friday. Markets crashed, but Bitcoin's drop was not particularly dramatic, given all the circumstances.

Bitcoin shows resilience despite unrest in the Middle East

Israel sent 200 fighter jets to bomb various nuclear facilities in Iran on Thursday evening in an unprecedented preemptive attack that killed several key figures in the Iranian military. The bloodshed spread to global markets, and all stock indices fell on Friday, but interestingly, Bitcoin declined by nearly a full percentage point less than the rest of the crypto market.

Iran is the seventh-largest oil producer in the world, producing over 4 million barrels a day. Yesterday's attack led to a rise in oil prices from around $68 to $75 a barrel. Markets collapsed, as expected, with the Dow Jones suffering the biggest losses, falling by more than 550 points.