$BTC
Geopolitical volatility following June 13 airstrikes has triggered sharp swings across global markets. Geopolitics initially drove BTC down—from about $107K to $103K—as investors adopted a risk-off posture .
Resilient recovery: After the immediate dip, Bitcoin rebounded into the $105K–$106K range, buoyed by ETF inflows and the absence of broader escalation .
Heightened volatility: Crypto market cap dropped nearly $200 billion as hundreds of millions in long positions were liquidated—about $468M across BTC and altcoins .
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🛡️ Bitcoin as a "Safe-ish Haven"?
Analysts observe that, over the last decade, BTC tends to endure short-term dips in regional conflicts—but often rebounds in a matter of days .
1074-0The current debate: Is Bitcoin acting like “digital gold” during geopolitical shocks? Historically, it’s volatile—but growing global adoption and inflation concerns may boost its appeal .
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🕸 Cyber Warfare Impacts
Iran's crypto infrastructure hit hard: On June 18–19, the hacker group “Predatory Sparrow” (linked to Israel) breached Nobitex, Iran’s largest exchange, stealing and effectively burning $90–100M in crypto—including BTC and ETH .
Internet blackout in Iran: In response, the Iranian government enforced a near-total internet shutdown, crippling crypto activity and mining operations .