#IsraelIranConflict đ Bitcoin Holds Above $100K Amid IsraelâIran Escalationâ
Resilience Amid Volatility
As geopolitical tensions escalated between Israel and Iran, Bitcoin momentarily dipped below $103K but rebounded stronglyâtrading around $106.8K, up ~1.3% on June 16, and holding more than 5% below its recent all-time high .
Market Sentiment Stabilizes
Broader risk appetite appeared to recover, with U.S. and European futures, including the S&PâŻ500, gaining ~0.5%, and oil prices showing moderate increasesâsuggesting markets werenât entering full panic mode .
SafeâHaven Doubts for Bitcoin
Despite its moniker of "digital gold," Bitcoin underperformed during the conflict. Traditional havens like gold and the U.S. dollar surged, while Bitcoin pulled back ~1.6â2.7%âhighlighting its riskâasset traits rather than true geopolitical insulation .
Analystsâ Outlook
XTBâs Kathleen Brooks suggests Bitcoin will likely stay above $100K unless the Middle Eastern conflict intensifies . Technical charts show key support around the $98.9Kâ$100K level .
Altcoin Performance
Other major tokens saw notable gains on the rebound: Ethereum +4%, Solana +7.7%, and XRP +1.9%âindicating broader relief across crypto markets .
Conclusion:
While Bitcoin didnât act as a true safe haven during recent IsraelâIran tensions, it remained robustâbouncing back above $100K after a dip. Market sentiment has stabilized, though analysts caution that further conflict escalation could trigger fresh volatility.