Bitcoin Drops Below $104,000 Amid Trump’s Potential U.S. Strikes on Iran’s Nuclear Facilities

According to a report by Axios on June 18, former President Trump is convening with the U.S. national security team in the White House Situation Room to deliberate on the country’s strategic response to the escalating Israel-Iran conflict. The discussions are expected to focus on potential military actions, including targeted strikes on Iran’s nuclear infrastructure, specifically the subterranean uranium enrichment site at Fordow. This development has introduced heightened geopolitical risk, which has been reflected in the cryptocurrency markets. Notably, Bitcoin experienced a significant downturn, slipping below the $104,000 threshold amid growing investor apprehension. Market analysts attribute this volatility to increased uncertainty surrounding U.S. foreign policy decisions and their potential impact on global economic stability. Investors are advised to monitor geopolitical developments closely, as these events could influence crypto asset valuations and broader market sentiment in the near term.