Bitcoin Holds Strong at $104,000 Amid Middle East Geopolitical Risks; Major Market Cap Assets Decline

# Bitcoin Steadies at $104,000 Amid Geopolitical Tensions Between Israel and Iran Bitcoin (BTC) demonstrated resilience in U.S. trading, despite increased military tensions between Israel and Iran. Holding the $104,000 mark, Bitcoin withstood initial volatility. The cryptocurrency market, while slightly declining, has shown limited downside, with steady inflows supporting its stability. As of 5:25 p.m. on the 15th, the total cryptocurrency market capitalization was $3.24 trillion, down 0.92% from the previous day. Trading volume plummeted by nearly 52% in just 24 hours, reaching $84 billion. Analysts interpret this sharp drop as cautious trading sentiment amidst market volatility. # Bitcoin (BTC) Rebounds After Geopolitical Shock Bitcoin (BTC) fell 0.60% to $104,585.36, reacting to news of intensified conflict, including missile and drone attacks from Iran, and retaliatory airstrikes by Israel. Initially dropping over 5% to just above $102,000, Bitcoin rebounded with the opening of Asian markets, trading between $104,500 and $105,600. # Major Cryptocurrencies Experience Declines Ethereum (ETH) decreased by 1.10% to $2,506.27, while Binance’s token BNB fell 1.73% to $640. Solana (SOL) underperformed, dropping 2.13% to $142.55, marking a 5.41% weekly decline. XRP (XRP) slipped 0.37% to $2.12, and Cardano (ADA) dropped 2.59% to $0.616. In contrast, TRON (TRX) saw a minor gain, rising 0.14%. # Neutral Market Sentiment Prevails The “Fear & Greed Index,” which measures market sentiment, remained neutral at 52 points, showing limited impact of short-term uncertainties on investor sentiment. # Expert Analysis Analysts highlighted Bitcoin’s sharp drop and subsequent recovery as indicative of investor caution about geopolitical risks while also reflecting continued long-term demand. “Bitcoin's recent fluctuations highlight market sensitivity to geopolitical events and its resilience as an asset class,” commented one expert. Additionally, rising energy prices and their potential effect on Federal Reserve monetary policy could benefit cryptocurrencies. In an era of increased geopolitical tensions, Bitcoin's performance underscores its emerging role in global financial markets.