Key Takeaways
- Bitcoin fell below $100,000 due to escalating geopolitical tensions in the Middle East.
- Reports of an imminent Iranian attack on US bases have increased investor concerns and contributed to the decline.
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Bitcoin briefly slipped below the $100,000 mark on Monday amid escalating geopolitical tensions in the Middle East. An Israeli official confirmed that Iran had launched six missiles toward a US military base in Qatar and another toward a base in Iraq.
The strike followed witness reports of explosions heard over Doha, Qatar’s capital, as reported by Reuters.
Iran’s attacks come as a response to the US military strikes on its nuclear facilities, specifically the coordinated airstrikes carried out by the US targeting key Iranian nuclear sites at Fordow, Natanz, and Isfahan. These strikes, first announced by President Donald Trump, were intended to prevent Iran from developing a nuclear weapon.
Bitcoin dropped below the six-figure threshold in response to the news, but quickly bounced back as fresh updates on Iran’s military actions hit the wires.
This is a developing story. We will keep you updated.
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