Markets Buckle After US Strikes Iran, Dow Sinks 400 Points

US airstrikes on Iran triggered a sharp risk-off move, with the Dow falling roughly 400 points and broad equity markets selling off. Traditional safe-haven assets rallied as investors sought shelter amid heightened geopolitical uncertainty. Bitcoin showed elevated volatility during the episode, reflecting mixed flows as some treated it as an alternative store of value while others sold into the market-wide rout. Implication: geopolitical shocks will likely drive short-term volatility in Bitcoin and can intermittently boost safe-haven demand, but its partial correlation with equities means it can also decline alongside broader market sell-offs.