The cryptocurrency market experienced significant volatility following Israel’s airstrikes against Iran. Bitcoin’s price plummeted below the $105,000 mark, shedding approximately 2.8% of its value within just 90 minutes as traders reacted to news of attacks on Iranian nuclear facilities. The drop left investors struggling to maintain optimism and resulted in over $427 million worth of long positions being liquidated within the last 24 hours. While many analysts anticipate a swift reversal, this incident raises questions about Bitcoin’s position as a safe-haven asset during geopolitical turmoil. This sudden market shift follows Israel’s claims that it launched airstrikes on Iranian nuclear facilities on Thursday night, targeting the country’s alleged program. The strikes triggered widespread selling across various cryptocurrencies and resulted in a sharp decline for Bitcoin, which fell from around $106,042 to its current price of around $103,053. This drop underscores the market’s sensitivity to geopolitical events. Meanwhile, traditional assets like gold and crude oil gained ground, demonstrating the varying response of financial markets to escalating tensions. The potential for further escalation between Israel and Iran remains high, prompting a cautious approach from investors. Some analysts have found historical parallels with past conflicts, where Bitcoin showed resilience and ultimately outperformed traditional safe-haven assets in short periods, offering hope for the long-term prospects of the cryptocurrency market. However, this volatility underscores the dynamic nature of the crypto world and highlights the importance of staying informed about market movements.