Bitcoin’s price has plunged below the $103,000 mark after reaching a high of $110,450 earlier this week. This represents a significant decline of 5.3 percent, hitting a low of $102,664 before slightly recovering to around $104,456. The timing of this sell-off remarkably coincides with news of Israel’s extensive airstrikes on Iranian nuclear facilities. Market analysts suggest that the geopolitical developments acted as a catalyst for the unexpected price decline, sending shockwaves throughout various asset classes. Investors are increasingly turning cautious as they assess the impact of geopolitical tensions on their portfolios. Understanding the reasons behind Bitcoin’s current price behavior is crucial for traders and long-term holders alike. Keep an eye on this cryptocurrency as market reactions unfold in the coming days.