Bitcoin Plunges Under $104K Amid Israel-Iran Escalation - What Traders Need to Know

Geopolitical shockwaves rattle crypto markets as Bitcoin sheds value following Middle East tensions.

When nation-states throw punches, digital assets duck for cover. Bitcoin''s 10% intraday drop shows even decentralized finance isn''t immune to old-school conflict.

The ''digital gold'' narrative gets its first real stress test of 2025 - and frankly, it''s not looking shiny. Meanwhile, traditional markets barely blinked - because nothing says ''risk-off'' like government bonds and a martini lunch.

This comes hours after the International Atomic Energy Agency said that Iran was not complying with restrictions on enriched Uranium for the first time in two decades.

NBC reported that Israel was considering a strike as a response. President Donald TRUMP told reporters that the U.S. would prefer a deal with Iran over a conflict, and an attack could lead to a "massive conflict."

On Polymarket, bettors were unsure about the chance of a strike taking place with the likelihood of Israeli action against Iran by July being priced in at under 30 cents.

U.S. stock index futures are lower by about 1.5% across the board on the news. European market futures are down by roughly the same amount.

Moving higher are bond prices, Gold and oil. The 10-year Treasury yield has dipped two basis points to 4.32% and gold has added about 0.75% in the past hour to $3,428 per ounce. Crude oil, meanwhile, has soared 9% to $74 per barrel.

The U.S. dollar is gaining against the euro and British pound, but losing ground versus the yen and Swiss franc.