Geopolitical turmoil triggered a steep drop in Bitcoin and Ethereum prices, prompting investors to flock to safe-haven assets following Israeli airstrikes on Iran. According to the latest market data from The Block, Bitcoin fell below the $104,000 mark, dropping nearly 5% in just 24 hours, while Ethereum suffered an even more significant decline, losing over 10%. The recent escalation of tensions between Israel and Iran led to reports of targeted airstrikes on Iranian infrastructure by Israeli forces. Global market reaction has been swift as oil prices surged to their highest levels in three months, with a notable jump in both US benchmark WTI (7.23%) and Brent crude (7%). Israel’s Defense Minister declared a state of emergency, raising concerns of potential retaliation from Iran, leading to increased fears of a wider regional conflict.