Bitcoin experienced a significant fall in the early hours, which is closely related to Israel's military actions against Iran.

The cryptocurrency market has shown a high sensitivity to changes in the global geopolitical situation. This price adjustment is primarily driven by two major factors: first, the escalation of international conflicts has triggered a spread of panic in the market, leading large investors to choose to sell off digital assets to minimize their risk exposure and safeguard their funds.

Secondly, the tense situation in the Middle East may lead to fluctuations in the energy market, which directly impacts the costs of cryptocurrency mining activities, such as Bitcoin, that rely heavily on computational power and energy consumption. The instability of energy prices will translate into fluctuations in miners' operating costs, further affecting the supply and demand relationship in the market.

It is worth noting that as the situation gradually becomes clearer and market sentiment stabilizes, funds seeking to enter at lower price points may gradually flow back into the market, bringing a new round of support for Bitcoin. The current market reaction actually reflects the sensitive response mechanism of crypto assets as emerging financial instruments to international events.