Bitcoin price slides as Israel bombs Syria

Key Points

1. Bitcoin (BTC) dropped from an intraday high of $119,020 to $118,593 after news of an Israeli airstrike on Syria's Ministry of Defense.

2. The 24-hour trading volume for BTC fell by 47.41% to $78.34 billion, indicating reduced bullish conviction post-geopolitical shock.

3. BTC's market cap remained at $2.35 trillion, still close to all-time highs despite the decline.

4. Historically, Bitcoin has been seen as a geopolitical hedge, but the current market reaction suggests consolidation.

5. Key technical support levels to watch include $116,500 and deeper demand zones near $114,000, aligning with late June breakout ranges.