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The situation in the Middle East is escalating, Bitcoin has fallen by 5% to $102,900, and gold has surged.
The situation in the Middle East is intensifying, and the Bitcoin price is falling.
Late Thursday night, Israel launched airstrikes against Iran, an event that shook global financial markets, leading to a sell-off of risk assets, with Bitcoin prices also falling.
The following are three key points regarding the security of investors' assets:
After Israel conducted airstrikes around Tehran and Tabriz, Bitcoin fell about 5% in early trading on Friday, dropping to $102,900.
The escalation of the situation in the Middle East has driven safe-haven funds into the gold market, causing spot gold prices to surge to $3,429.
The US authorities stated that they are closely monitoring the developments, while oil and stock futures prices have also declined.
Israel's strikes on Iranian military targets have further escalated tensions in the Middle East, leading to widespread selling of risk assets. According to market data, the world's largest cryptocurrency Bitcoin fell from a 24-hour high of $108,500 to $102,900, a decline of more than 5%.
Israeli officials confirmed that the targets of this airstrike were Iranian military facilities near Tehran and Tabriz, stating that it was a "preemptive" action taken against the "growing threats." Israeli Prime Minister Netanyahu stated at a press conference on Thursday that Iran's nuclear ambitions are a "clear and present threat" and that the preemptive actions would "last for several days until the threat is eliminated."
Iran has not yet made an official response, but its national media reported that explosions occurred in the affected areas, leading to disruptions in air traffic. Previously, Israeli defense officials had meetings with senior officials at the U.S. Department of Defense. The U.S. has not issued a clear comment on the airstrikes, only stating that it is closely monitoring the situation.
The chief investment officer of a certain crypto fund stated: "The latest escalation of tensions between Israel and Iran is impacting risk assets and the oil market, but we have seen similar situations before." He added: "A similar incident in April 2024 led to a sell-off in the crypto market over the weekend, but after the situation eased, the market rebounded quickly. These moments are often good buying opportunities."
A financial analyst agreed with this, pointing out that Bitcoin remains a risk-on asset in the eyes of short-term traders, but the long-term allocation by institutional investors is gradually dominating its trend. He stated: "This explains why Bitcoin may follow the fluctuations of risk assets in the short term, but can outperform gold in the long run."
At the same time, spot gold surged to $3,429 due to safe-haven sentiment, while U.S. futures prices fell as investors worried about broader regional conflict risks.