why is dogecoin price going up|In This ArticleMost Crypto Crashing But Bitcoin Holding Surprisingly Well Amid A WW3 BreakoutIs Sola

The US has finally entered the ongoing conflict between Iran and Israel, with President Trump announcing early Sunday morning (BST) that the United States launched missile attacks on three key Iranian nuclear sites. This has led to crypto crashing overnight as Bitcoin hovers around $102,800.

Per CoinGecko, the combined crypto market is down 3.5% in the past 24 hours, with notable assets such as Ethereum (ETH), Ripple (XRP), Solana (SOL) and Cardano (ADA) all down 5.8%, 2.2%, 3.3% and 4.7%, respectively.

(COINGECKO)

Most Crypto Crashing But Bitcoin Holding Surprisingly Well Amid A WW3 Breakout

With crypto crashing due to the US officially entering the conflict between Israel and Iran, striking three nuclear sites early this Sunday morning, Bitcoin dropped to $101,280. Market onlookers were watching nervously to see if $100,000 would hold. Continuing its recent show of strength, BTC has since bounced back to $102,700.

Today marks the 44th consecutive day that Bitcoin has maintained a price above $100,000. The last time BTC was trading below $100,000 was May 8. This level of strength from the leading digital asset sparks hope to investors that even a looming global war can’t stop the momentum.

Bitcoin is increasingly likely to be a flight to safety for investors, similar to how physical gold has always become a hot commodity during wartime. BTC, aka digital gold, is quickly showing itself as the ideal hedge in a global sense due to its recession-proof nature and freedom from traditional financial risks.