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07/17 12:08

Bitcoin Price Crashes Below $103,000—What Triggere

Bitcoin Price Crashes Below $103,000—What Triggered It?

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on Iranian nuclear installations, sending ripples through every major asset class. Why Is Bitcoin Going Down Today? Israel’s pre-dawn operation — its first overt attack on Iranian territory since the October-2024 raids — instantly repriced global risk. Oil futures jumped more than 10%, spot gold printed a fresh record high above $3,400 an ounce, and US equity futures slid roughly 1.5%. Bitcoin’s draw-down resembled its initial reaction to Iran’s failed missile barrage on Israel in April..

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