Cryptocurrencies experienced a significant downturn on Thursday as geopolitical tensions between Israel and Iran escalated. The market saw losses across the board, including Bitcoin, Ethereum, Solana, and Dogecoin, triggered by renewed trade tensions and uncertainty stemming from Israel’s unprecedented military strikes targeting Iran’s nuclear facilities. 3.7% down in the last 24 hours, Bitcoin dropped to $103,081, marking a significant drop from its recent high of $108,369. Ethereum, the second-largest cryptocurrency by market cap, also faced heavy losses, falling by 9.8%. The escalating geopolitical situation in the Middle East led investors to seek safer assets and sparked a flight from riskier investments, particularly in volatile markets like crypto.