Bitcoin Falls Amid Middle East Conflict, Gold Outperforms

Global markets, including Bitcoin, faced heavy pressure after Iran's missile strikes on Israel. Bitcoin briefly rose above $61,500 but dropped to $60,300 amid escalating Middle East tensions. This geopolitical conflict led to Bitcoin's worst performance in a month, with a 6% drop and a 3.5% decline over 24 hours.

While Bitcoin struggled, gold gained 0.8%, showcasing its stability during global crises. The broader crypto market also suffered, with major tokens like Dogecoin, Solana, and Ethereum dropping up to 6%, while smaller tokens like SEI and FLOKI fell up to 16%.

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