The U.S. launched strikes on Iranian nuclear sites, with all aircraft reportedly exiting Iranian airspace after completing the mission successfully.
Former President Trump praised the operation's precision, especially targeting Fordow as the primary site, calling for peace in the region.
Bitcoin reacted to the news by dipping 1% in the past 24 hours and 3.2% for the week, trading around $102,130 with a total market cap of $2.03 billion.
The drop in Bitcoin price is attributed to a broader risk-off sentiment as investors consider the potential escalation of conflict in the Middle East.
Analysts note that Bitcoin usually serves as a hedge in times of uncertainty, but sudden military events can lead to short-term volatility in all asset classes, including cryptocurrencies.
The future direction of Bitcoin's price will depend on how the geopolitical situation unfolds in the upcoming days.