Bitcoin experienced a sharp price drop on Friday, falling below the $103,000 threshold and contributing to a wider selloff across the cryptocurrency market. The decline is attributed to escalating geopolitical tensions following Israel’s airstrikes in Iran, which have unsettled global investors and caused risk assets to retreat. Bitcoin’s price reached an intraday low of $102,664, erasing gains from earlier in the week and marking its third consecutive day in the red. Over $300 million worth of long positions were liquidated as traders hastily exited the market. Ethereum and other major altcoins also suffered substantial losses, with some tokens experiencing double-digit percentage drops. The broader cryptocurrency market lost approximately $140 billion in value as a result of this volatility. This downturn reflects heightened investor concerns about the potential for continued conflict in the Middle East and its impact on financial markets. Technical indicators suggest that Bitcoin is currently approaching key support levels, with its Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicating bearish momentum and a possibility of further price declines. While some analysts acknowledge strong underlying digital asset fundamentals and ongoing institutional interest in the sector, these factors may help stabilize the market if geopolitical risks ease. Traders are now closely monitoring the $102,000 support level, with potential for further drops leading to a test of the psychologically significant $100,000 mark.