Rising tensions between Iran and Israel are testing crypto markets like never before. Bitcoin initially dropped during major geopolitical events, but a new trend is emerging. Institutional investors entering through spot Bitcoin ETFs may be stabilizing the market and reshaping Bitcoin’s role in global finance.

Bitcoin crashed to $83,824 as the crypto market erased $144 billion in one day. Over $791M in leveraged longs were liquidated, China renewed its crypto crackdown, and Vanguard shocked Wall Street by opening access to Bitcoin ETFs. Here’s the full breakdown.