Bitcoin (BTC) and the broader crypto market tumbled on Tuesday as the conflict between Israel and Iran escalated. The US, under President Trump, has also taken a hardline stance, demanding the complete disarmament of Iran’s nuclear program. Trump also threatened Iran’s supreme leader, Ayatollah Ali Khamenei.
Bitcoin (BTC) made a promising start to the week, surging to an intraday high of $108,944 on Monday. However, the worsening situation in the Middle East prompted a sharp decline as markets turned bearish. As a result, the flagship cryptocurrency dropped to $106,806.
Bitcoin (BTC) has made a positive start to the week after a sluggish weekend, reclaiming $107,000 and moving to its current level of $107,100 after an increase of 1.23%. The flagship cryptocurrency maintained its position above $105,000 despite facing selling pressure, indicating that traders are buying the dip.
Bitcoin (BTC) extended its losses for a second consecutive day, with the price down 0.52% as it struggles to stay above $105,000. The flagship cryptocurrency is currently trading at around $104,951.
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Bitcoin (BTC) fell to a low of $102,832 on Friday as escalating Middle East tensions kept the markets on tenterhooks. Rising uncertainty and tensions could also limit future rallies. The flagship cryptocurrency is down almost 1% during the ongoing session, trading around $105,103.
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