Bitcoin and other risk assets dropped as US President Trump threatened renewed tariff measures.
Bitcoin fell over 3.7% in a 24-hour period as Israel launched strikes on Iran's key military sites.
Israeli Prime Minister Netanyahu described Iran's nuclear ambitions as a clear danger, leading to preemptive strikes.
Bitcoin hit lows of $103,081 amidst escalating tensions in the Middle East, down from a 24-hour high of $108,369.
Ethereum, the second-largest cryptocurrency, declined by 9.8%, while ETH ETFs attracted $240 million in investments.
Crypto assets like Solana's SOL and Dogecoin (DOGE) also experienced drops of around 10.3% and 10% respectively in the last 24 hours.
Bitcoin usually sees short-term price drops during geopolitical turmoil but historically rebounds quickly due to increased digital store of value adoption.
President Trump criticized Fed Chairman Powell, calling him a 'numbskull' and threatening to force changes in interest rates.