Bitcoin’s price sharply fell over the weekend, dropping below the $103,000 threshold, reflecting growing geopolitical tensions.
Reasons for Bitcoin's Drop
The decline in Bitcoin’s price resulted from escalating tensions caused by Israeli airstrikes on Iran. This conflict unsettled global investors and triggered a widespread selloff of risk assets.
Market Consequences
During this period, Bitcoin’s value dropped to $102,664, leading to significant liquidations — over $300 million in long positions were wiped out as traders rushed to exit the market. Ethereum and other altcoins also experienced sharp losses, with some tokens facing double-digit percentage drops.
Investor Outlook
Despite the steep selloff, some analysts cite strong underlying fundamentals and ongoing institutional interest in digital assets. This could lead to market stabilization if geopolitical risks subside. Currently, traders are closely monitoring the $102,000 support zone, with further declines potentially testing the psychologically significant $100,000 mark.
The reduction in Bitcoin’s value against the backdrop of global conflicts highlights the high volatility of the crypto-dependent market. Investors should consider risks thoroughly before making decisions.
