Bitcoin (BTC) has dropped sharply as geopolitic

Bitcoin (BTC) has dropped sharply as geopolitical tensions rise, down to $102,760 as risk assets sell off. The decline follows a major escalation in the Middle East where US military forces struck Iran’s nuclear sites, Fordow, Natanz, and Isfahan, expanding the Israel-Iran conflict.

This geopolitical shock triggered immediate market reactions with investors moving into traditional safe-haven assets like gold and the US dollar. Bitcoin, seen as a speculative asset during times of high volatility, fell 9% from its monthly high of $111,800 to $101,053.

At the time of writing, Bitcoin is at $102,777 with over $47 billion in daily volume.

The risk-off tone intensified after Iranian officials condemned the strikes and threatened retaliation. Iran’s Foreign Minister called for an emergency UN meeting, while Secretary-General António Guterres warned of a situation “getting out of control”. This sent equities and digital assets into a tailspin with BTC leading the way.