Bitcoin (BTC) is currently trading at around $103,900, marking a significant drop of more than 4% in the last 24 hours. This decline follows reports that Israeli forces have conducted military operations targeting positions in Tehran, Iran's capital. The news broke as Axios cited anonymous sources indicating that the strike had occurred within Iranian airspace, later corroborated by Al-Jazeera that confirmed explosions heard in the city.
This escalation coincides with a statement from the International Atomic Energy Agency declaring that for the first time in two decades, Iran is not complying with restrictions regarding enriched uranium. This situation has prompted speculation that Israel might engage in further military actions. President Donald Trump remarked that the U.S. would prefer a diplomatic solution over military conflict, although he acknowledged the potential for escalation if attacks proceed.
Market reactions were immediate, with U.S. stock index futures declining by approximately 1.5%. Similarly, European market futures responded with comparable drops. In contrast, safe-haven assets like gold and bonds saw gains, while crude oil surged by 9% to reach $74 per barrel. The U.S. dollar also exhibited mixed results, gaining against the euro and British pound but weakening relative to the Japanese yen and Swiss franc.
This escalation coincides with a statement from the International Atomic Energy Agency declaring that for the first time in two decades, Iran is not complying with restrictions regarding enriched uranium. This situation has prompted speculation that Israel might engage in further military actions. President Donald Trump remarked that the U.S. would prefer a diplomatic solution over military conflict, although he acknowledged the potential for escalation if attacks proceed.
Market reactions were immediate, with U.S. stock index futures declining by approximately 1.5%. Similarly, European market futures responded with comparable drops. In contrast, safe-haven assets like gold and bonds saw gains, while crude oil surged by 9% to reach $74 per barrel. The U.S. dollar also exhibited mixed results, gaining against the euro and British pound but weakening relative to the Japanese yen and Swiss franc.
