$BTC Recent geopolitical events in Israel and Iran significantly impacted the price of bitcoin. On June 13, following Israel's strikes on Iran's nuclear facilities, BTC dropped from nearly $110,000 to a level of $103,000–104,000 — a decline of about 3–5%. As a result of the massive sell-off, over $1 billion in long positions were liquidated. This phenomenon disproved the notion of bitcoin as 'digital gold': gold and other safe assets, on the contrary, increased in price. Economists, including Peter Schiff, point out that bitcoin does not serve as a safe-haven asset during crises. Such developments highlight the vulnerability of the crypto market amid escalation, showing that investors mostly shift to traditional 'safe havens'.