Bitcoin Roars Back Above $103,000 After Iran Missile Crisis Eases
bitcoin’s price has climbed back to $103,000 following a tense moment in international relations.Reports suggested Iran had targeted a U.S.base in qatar, causing Bitcoin to briefly tumble near the $100,000 mark.
However, a prompt U.S. military response brought relief. U.S. interceptors successfully stopped Iranian missiles,with no casualties reported. This reassured investors,pushing Bitcoin back up. The Qatari Ministry of Defence confirmed the interception, encouraging confidence in the market.
Axios noted that the U.S. administration had prior knowledge of Iran’s plans, adding a layer of strategic preparedness. Meanwhile, The New York Times revealed Iran had briefed Qatar, leading to airspace closures for safety.
At press time, Bitcoin was valued at about $102,800, a 4% rise over 24 hours. The rally came after a sharp afternoon dip. Major exchanges reported Bitcoin peaking at $103,000.
This rebound shows Bitcoin’s sensitivity to global events. Though, future price dips are possible. Qatar retains the right to retaliate. Middle Eastern nations have shut airspace, with U.S. bases on alert.
