Bitcoin Falls Below $103K as Geopolitical Pressure Mounts

• Bitcoin drops to $103 on Friday
• Altcoins like Ethereum and Solana extend market losses
• Institutions Support Bitcoin Despite Sell-Off

The cryptocurrency market started Friday with a decline, reflecting the increase in geopolitical tensions and fears about the global economic impact. The price of Bitcoin fell almost 3% in the last 24 hours, trading close to $103 after hitting an intraday low of $102.400.

According to analysts, the selling movement appears to be more related to institutional adjustments than to widespread panic among retail investors. The price of Bitcoin, despite the recent drop, remains within a range considered solid by large investors, signaling a growing institutional dominance in the market.

While Bitcoin is trying to stay above the $100 mark, major altcoins are facing even more significant losses. Ethereum, Solana, Cardano, Dogecoin, Avalanche, Chainlink and other cryptocurrencies are seeing drops of over 3% in the same period.

Bitcoin dominance — a metric that measures the asset’s share in relation to the rest of the cryptocurrency market — has risen more than 1% in the last 24 hours. This increase indicates that BTC is managing to better maintain its value compared to altcoins, which continue to fall more sharply.

The geopolitical environment also has a direct influence on the market. The conflict between Israel and Iran remains a cause for concern, driving up the price of oil and increasing risk aversion across different asset classes, including cryptocurrencies.

On traditional stock exchanges, the impact is also visible, with major stock indexes showing volatility. Investors continue to monitor the unfolding tensions in the Middle East and developments in global monetary policies, which could further affect the behavior of assets such as Bitcoin and major altcoins.