Bitcoin surged past $102,500, recovering sharply after initially falling to $100,000 amid heightened geopolitical uncertainty stemming from missile attacks involving Iran and a U.S. base in Qatar.
The rebound gained momentum following reports of successful missile interceptions by defense systems and prior U.S. intelligence assessments that mitigated perceived escalation risks. This development significantly improved investor sentiment across cryptocurrency markets.
As a precautionary response to the missile strikes, multiple Gulf nations including Iraq, Kuwait, Bahrain, and the UAE temporarily closed their airspace. U.S. military installations throughout the Middle East, notably the Ain Al-Asad Airbase in Iraq, maintained high alert status, contributing to volatile market conditions.
Bitcoin’s resilience above the $100,000 threshold underscores its potential role as a hedge during periods of geopolitical volatility. Alternative cryptocurrencies also demonstrated positive momentum during this recovery phase.