Bitcoin tumbles as Middle East tensions explode

Bitcoin has plunged sharply, triggering a widespread sell-off of risk assets.

The US entered a state of war with Iran, sending shockwaves through global financial markets, Caliber.Az reports via foreign media.

The dramatic turn in the geopolitical crisis has triggered widespread panic across global exchanges, prompting investors to flee riskier assets. Cryptocurrencies have borne the brunt of the sell-off.

Bitcoin, the world’s largest digital asset, plunged to $101,000 — a sharp decline reflecting heightened investor anxiety and a rapid flight to safety. The broader crypto market followed suit, with major altcoins posting double-digit losses in the wake of the announcement. 

Analysts say the crypto downturn underscores the fragility of speculative markets during periods of geopolitical stress.

“Investors are clearly moving into defensive positions, said one market strategist. As long as uncertainty and military activity continue, we can expect further volatility.”

Multiple reports have recently surfaced claiming that the US carried out airstrikes on three of Iran’s nuclear sites, including the heavily fortified Fordow Fuel Enrichment Plant, as well as facilities in Natanz and Isfahan. US President Donald Trump described the mission as a “very successful attack” intended to severely damage Iran’s nuclear capabilities, asserting that the targeted locations were “completely and fully obliterated.” The operation is said to have involved US warplanes and was reportedly coordinated with Israel, which had launched earlier strikes to degrade Iran’s air defenses ahead of the American assault.

By Naila Huseynova