Bitcoin’s price experienced a sharp drop this week following Israeli airstrikes in Iran, which sparked market volatility. Notably, Bitcoin (BTC) fell to around $102,650 on Binance, coinciding with a 5% surge in oil prices as tensions escalated. This downturn was part of a wider sell-off across risk assets and saw commodity markets see increased demand for safe-haven assets like oil. However, historical patterns suggest Bitcoin’s price is likely to rebound. Bitwise Europe research chief André Dragosch highlights that after major geopolitical events since 2010, Bitcoin has seen an average surge of 64.6% in the following 50 days (median gain 17.3%). This suggests recent market dip might be temporary.