Bitcoin faced significant market turbulence as escalating tensions between Israel and Iran triggered a sharp price decline below $102,000. The 5% drop within 24 hours resulted in approximately $1 billion worth of liquidations across cryptocurrency exchanges, predominantly affecting leveraged long positions.
Despite the short-term volatility, analysts at digital asset platform BiyaPay reaffirmed their bullish $150,000 price target for Bitcoin. They emphasized Bitcoin’s fundamental resilience as an inflation hedge and its strong long-term growth trajectory, citing typical market corrections during geopolitical crises.
BiyaPay highlighted its services supporting investors during market fluctuations, including instant USDT-to-fiat conversions and zero-fee cryptocurrency trading. The firm maintains that Bitcoin’s status as a global digital asset minimizes the enduring impact of geopolitical events, with underlying adoption metrics and macroeconomic factors continuing to drive its core value proposition.