The price of Bitcoin has experienced its deepest drop since late March relative to the results of the weekly trading candle (up to June 22) on the chart. The quotes for the main cryptocurrency fell by approximately 4.3% to $100.9 thousand, according to Binance. The price decline occurred against the backdrop of escalating conflict between Iran and Israel, as well as U.S. airstrikes on Iranian nuclear sites. However, experts noted, according to Decrypt, that markets are expecting a de-escalation of tensions and, as a result, a recovery in prices to previous levels.

"We observed a lot of choppy trading for several hours after the U.S. attacked Iranian nuclear sites. If we start to see a de-escalation of tensions in the Middle East, we should see a restoration of investor confidence and a rise in prices," said Swyftx's chief analyst, Pav Hundal.