Bitcoin’s Dip Amidst Middle East Tensions: Analysts Weigh In

Bitcoin prices experienced a notable dip following the escalating geopolitical tensions in the Middle East. The conflict involving Israel and Iran triggered risk-off sentiment, resulting in a drop of nearly 5% to $102,822 on Friday, June 13th. While crude oil prices surged around 14% as expected during these crises, Bitcoin’s price decline highlighted the impact of geopolitical instability on the crypto market.