🌍 Bitcoin Dips as Geopolitical Tensions Escalate

Bitcoin’s price has taken a sharp downturn for the third consecutive day, hitting $102,664 on Friday. This drop is largely driven by rising geopolitical tensions between Israel and Iran.

According to The New York Times, US and European officials suspect that Israel is preparing for a direct strike on Iran. This situation could escalate instability in the Middle East and complicate US diplomatic efforts to contain Iran's nuclear ambitions. As a precaution, the US has pulled diplomats from Iraq and allowed military families to exit the region.

Bloomberg reports that Israel launched airstrikes on Iran’s nuclear and military sites early Friday. In response, Iran vowed “harsh” retaliation against both Israel and the US. Defense Minister Aziz Nasirzadeh warned that US bases in the region are potential targets.

As fear grips global markets, investors have shifted away from riskier assets. The crypto market saw massive liquidations—approximately $448 million in Bitcoin and over $1.15 billion across the board in just 24 hours.

Earlier this week, BTC had climbed to $110,263 following optimism around the US-China trade agreement. But the rally was short-lived. President Trump reignited trade fears on Wednesday by threatening new tariffs, adding fresh uncertainty to global markets.

The combined pressure from geopolitical risks and trade tensions has triggered a broader market pullback, weighing heavily on crypto.

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