Following a price decline in early May, Bitcoin has experienced renewed volatility driven by escalating geopolitical tensions. The recent escalation of violence between Israel and Iran, marked by military strikes on both sides, is significantly impacting the cryptocurrency market. 24 hours after the attacks triggered immediate price drops, reaching as low as $103,000 from a daily peak of $108,500, Bitcoin has recovered to around $105,000, showing relative resilience against Iran’s counter-strike. 5-figure levels remain crucial for sustained market performance and further decline could push prices below the $80,000 mark according to popular crypto analyst Ali Martinez. Notably, large institutional investors known as ‘whales,’ have also begun selling off significant portions of their Bitcoin holdings, a trend that could further contribute to price fluctuations.