Bitcoin experienced a sharp decline exceeding 2% within a few hours, settling near the $100,217 mark.
The drop was triggered by heightened geopolitical tensions in the Middle East Gulf region, prompting swift reactions across cryptocurrency markets.
Market sentiment remains heavily influenced by the potential responses from the United States and retaliatory actions from Iran, creating significant uncertainty.
An initial brief surge in Bitcoin prices quickly faded, leading to the subsequent drop as momentum waned.
Former President Trump is scheduled to convene regarding the situation, though specific details on his potential response remain undisclosed.