Bitcoin, the largest digital asset, fell 3% in the Singapore market to below $103,000 on Friday morning, while smaller cryptocurrencies showed an even greater decline. Ether, the second-ranked token, once fell by around 6.9%. “Cryptocurrency has reacted negatively to news of Israel's attack on Iran, in line with major risk assets,” said Caroline Moran, co-founder of crypto derivatives liquidity provider Orbit Markets. “We expect to see technical support around $101,000, but geopolitical news will drive price action in the short term.”

Bitcoin, the largest digital asset, fell 3% in the Singapore market to below $103,000 on Friday morning, while smaller cryptocurrencies showed an even greater decline. Ether, the second-ranked token, once fell by around 6.9%. “Cryptocurrency has reacted negatively to news of Israel's attack on Iran, in line with major risk assets,” said Caroline Moran, co-founder of crypto derivatives liquidity provider Orbit Markets. “We expect to see technical support around $101,000, but geopolitical news will drive price action in the short term.”