Bitcoin experienced a significant drop of over 4% to $103,556 after Israel conducted airstrikes targeting Iranian military infrastructure near Tehran and Tabriz. This escalation heightened tensions in the Middle East and triggered a sell-off in risk assets, leading investors to seek safer options such as gold, which rose 1.7% to $2,414 per ounce. The attacks, which Israel justified as a response to increasing threats, sparked global concerns. Iran has yet to formally respond to the strikes, but state media reported on explosions and disruptions in air traffic in the affected areas. The situation has resulted in a broader decline in equity futures, as both U.S. officials and global markets monitor the evolving conflict. This development comes shortly after a high-level meeting between Israeli defense officials and their U.S. counterparts. As geopolitical tensions rise, investors remain cautious, reflecting the ongoing uncertainties in the market.

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