Bitcoin Drops Over 2% Amid Geopolitical Tensions as Trump Prepares Response to Iranian Attack

Bitcoin experienced notable volatility amid escalating geopolitical tensions following reports of a potential Iranian attack on a U.S. military base in the Middle East Gulf region. Market participants reacted swiftly as the U.S. stock market opened, initially driving a brief surge in Bitcoin prices. However, this momentum was short-lived, with the cryptocurrency declining over 2% within a few hours, settling near $100,217. The scale of Iran’s retaliation and subsequent U.S. responses remain critical factors influencing market sentiment. Former President Trump is scheduled to convene with the National Security Council to evaluate the situation, underscoring the intersection of geopolitical risk and financial markets. Investors should monitor these developments closely, as heightened uncertainty could continue to impact crypto asset valuations and broader market dynamics in the near term.