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• Bitcoin stayed above $100K despite war-driven dips and $90M hack on Iran’s crypto exchange Nobitex.
• Long-term holders and ETF inflows are helping Bitcoin act more like a stable financial asset.
• Geopolitical conflict shows crypto is not immune to cyberattacks and sudden market shocks.
As tensions rise between Israel and Iran in June 2025, the financial world is closely watching how Bitcoin reacts. With missile strikes, cyberattacks, and military responses dominating headlines, some are asking whether Bitcoin is becoming more of a safe place to store value or just another risky bet during uncertain times.
This month, Israel launched airstrikes on Iran’s nuclear sites. In return, Iran fired back with drones and missiles. At the same time, a hacker group linked to Israel called Predatory Sparrow hit Iran’s biggest crypto exchange, Nobitex. They wiped out nearly $90 million worth of Bitcoin, Ethereum, and other digital currencies by sending them to fake wallets that can’t be used again.
Another major bank in Iran Bank Sepah was also hit. ATMs and online services stopped working. These cyberattacks didn’t just target military systems; they went after digital money and regular banking. This shows that in modern conflicts, even crypto platforms are at risk.
Bitcoin’s price dipped sharply after the first round of Israeli strikes. On June 14, it fell nearly 3%, landing around $104,900. Over $1.1 billion in trades were wiped out in just one day. Oil prices shot up by 7–11%, which also made markets nervous.
But unlike the past, Bitcoin didn’t crash for long. After falling, it bounced back quickly and stayed above the $100,000 mark. On June 21, when the U.S. hit more Iranian nuclear sites, Bitcoin only dropped about 1% before recovering again. This pattern suggests that Bitcoin is starting to act more like a mature asset that can handle global stress without falling apart.
Also Read: How to buy Bitcoin in 2025?
Several signs point to Bitcoin becoming more stable than before:
Less wild movement: Bitcoin’s price swings are now smaller than those of the Nasdaq or even the S&P 500, which are both major U.S. stock indexes.
More long-term holders: Around 14.5 million Bitcoin are now held by people or institutions who rarely sell. This reduces the chances of big crashes.
Strong ETF inflows: Exchange-traded funds (ETFs), which allow investors to buy Bitcoin through traditional stock markets, have seen nearly $1 billion in new investments just this month.
These changes show that Bitcoin is being treated more like gold or stocks—and not just a gamble.
Also Read: Best Bitcoin Desktop Wallets in 2025
Here’s what’s going on from both sides of the debate.
In places hit by war or economic collapse, Bitcoin might be a backup option when banks or ATMs don’t work.
As oil prices rise and inflation hits, people may look for other places to park their money. Bitcoin could be one of them.
More big investors are getting involved, helping to keep the market less shaky.
Wars make people nervous, and that usually leads to sudden drops in all kinds of assets—including Bitcoin.
As seen with Nobitex, crypto platforms can be hacked during war. That puts user funds at risk.
If the conflict spreads to other countries, markets everywhere could crash, pulling Bitcoin down with them.
This conflict is far from over. If attacks continue or spread, Bitcoin could see more ups and downs. Watch out for:
More hacks on crypto exchanges.
Big moves from investors either pouring in money or pulling out.
Oil and inflation trends that could shift global market sentiment.
Bitcoin is no longer just a niche internet currency. It’s part of the larger financial world now. As the Israel–Iran crisis unfolds, Bitcoin’s behavior could reveal whether it’s becoming a real-world store of value or if it’s still too fragile to handle global pressure.
