Bitcoin has reclaimed a significant milestone, bouncing back to $105,000 after experiencing a brief dip to $103,000. This surge comes amidst rising tensions in the Middle East, particularly in the Strait of Hormuz region, creating a risk-off environment in global markets. As geopolitical fears escalate, investors are flocking to Bitcoin as a store of value amid inflation and uncertainty. This upward trend in Bitcoin’s price reflects the cryptocurrency’s resilience and ability to adapt to external economic factors. Watching market reactions to ongoing events will be crucial for investors looking to capitalize on potential price movements.