Bitcoin’s price declined to $104,000 as geopolitical tensions intensified following Israel’s recent military actions against Iran. The heightened conflict prompted investors to shift away from riskier assets, leading to a sell-off in the cryptocurrency market.
The escalation in the Middle East has increased market volatility, with investors seeking refuge in traditional safe-haven assets such as gold and the U.S. dollar. This shift in investor sentiment has contributed to the downward pressure on Bitcoin and other cryptocurrencies.
Analysts suggest that the ongoing geopolitical instability may continue to impact the cryptocurrency market, as investors remain cautious amid the uncertain global landscape.
