Bitcoin Price Plunges Near $100,000 After Israel-Iran Conflict Triggers Market Panic

The Bitcoin market experienced a dramatic downturn late Thursday following reports of Israeli airstrikes targeting Tehran, which triggered widespread market panic and sent the cryptocurrency plummeting. Within just 90 minutes, Bitcoin’s price dropped by over 2%, from $106,042 to a low of $103,053 before recovering slightly to around $104,900. This drop brings Bitcoin close to its long-held psychological level of $100,000, triggering large-scale liquidation of long positions in the process.