The flagship crypto fell to an intraday low of $103,300 before bulls stepped in to steady the price and push it back above $104,000,
As of press time, Bitcoin was trading at $104,439, down roughly 3.87% over the past 24 hours. Meanwhile, the wider crypto market fared relatively worse with a 6% average decline across the board.
This latest strike in a five-day exchange that has involved missiles, drones, and warnings to civilians.
Traders watch as the prospect of wider regional conflict instigates risk aversion across global assets, including crypto.
Ecoinometrics found that adding a 10% Bitcoin sleeve to a classic 60/40 allocation lifted the past-year risk-adjusted return to 0.80 with a 14% gain, versus 0.62 and 12% for the same swap into gold.
