Sell Before The Weekend? Bitcoin Slides to $103,900 Amid Escalating Tensions Between Israel and Iran
BY
Ben Graham
|
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Should we sell before the weekend? Bitcoin stumbled to $103,900 before rebounding to $105,000 as news broke of Israeli airstrikes hitting Iranian nuclear and missile facilities, including those in Tehran.
The escalation marks one of the most direct confrontations in years. Prime Minister Netanyahu declared that the strikes won’t stop “until Iran’s nuclear ambitions are completely dismantled.”
Israel just nuked my alts.
How do I report a war crime? More importantly, is a retaliatory strike going to destroy your net worth over the next two days?
Sell Before the Weekend? Bitcoin Reacts to Heightened Geopolitical Uncertainty
Markets don’t wait for missiles to land. As Israel strikes Iranian nuclear and missile sites, Bitcoin tumbled to $103,162 before clawing back slightly, still 2% in the red over the past 24 hours.
The message was clear: global investors are bracing for escalation, dumping risk as war drums beat louder. Prime Minister Netanyahu doubled down, calling the campaign “vital to Israel’s survival.”
Hours before strikes erupted, the International Atomic Energy Agency reported Iran’s first uranium enrichment breach in over two decades, reigniting fears of nuclear escalation.
For now, diplomatic talks between the U.S. and Iran, scheduled for Sunday, are expected to be postponed.
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What The Experts Plan to Do
Israeli airstrikes on Tehran, deemed unlikely on Polymarket just days ago, wiped out bullish positions across prediction markets. Now the real gamble is whether we’ll fall further.
Iran’s prior assault didn’t result in Israeli casualties, but this time, it’s different. Tehran was hit directly, marking a dangerous new phase in the conflict.
In crypto terms it might be time to keep the dry powder dry. The risk-on appetite is gone, and any talk of an altseason looks postponed for now.
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Key Takeaways
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