Bitcoin's rise amid eased tensions highlights its sensitivity to geopolitical shifts, underscoring its role as a speculative risk asset. Bitcoin surges past $71K as US-Iran tensions ease.
President Donald Trump suspended planned U.S. military strikes on Iran on Tuesday, announcing a two-week ceasefire contingent on Iran reopening the Strait of Hormuz to global shipping. Following the announcement from Trump, the leading crypto asset, bitcoin, rose above the $71,000 mark.
Michael Saylor, the founder and executive chairman of Strategy, has declared that Bitcoin's (BTC) traditional four-year halving cycle is over, viewing this shift as an ultimately positive step for the cryptocurrency's price.
Bitcoin and Ethereum are experiencing notable price corrections as a combination of macroeconomic shifts and escalating geopolitical tensions weighs heavily on crypto markets. Bitcoin is currently consolidating around the $68,000 support level, while Ethereum trades just above the critical $2,000 mark.
Risk assets, including Bitcoin (BTC), staged a dramatic late-session recovery on Tuesday after Axios broke the news that Iran had responded positively to Pakistans proposal for a two-week ceasefire. The development injected fresh optimism into volatile markets that had been under significant pressure throughout most of the trading day.
Bitcoin enters a new bull phase as long-term accumulating wallets absorb 4.37M BTC, tightening liquid supply and signaling stronger holder conviction.
Iran war fears are pressuring Bitcoin and crypto as oil nears $115, gas tops $6 in LA, and traders watch BTC's high-$60K zone for support.
Bitcoin sees an increase in long-term holder supply, with more investors opting to hold rather than sell their assets amidst price drops.
Bitcoin has been holding above $65,000 for over a month now, and this price level is starting to carry more weight than it seems on the surface. The current structure is no longer just about short-term volatility, but a question about whether the market is building a base or setting up for one more lower move to as low as $40,000 before any real rally begins.
Geopolitical tensions and potential Fed rate changes may hinder Bitcoin's growth, despite institutional interest and economic indicators. Bitcoin $100K odds low despite ISM PMI growth, institutional inflows.
Short-term holders remain under pressure as losses widen, while long-term accumulation steadily rises
Crypto exchange-traded funds (ETFs) returned from the holiday break with powerful inflows, led by bitcoin's $471 million surge. Ether followed with strong gains, while activity in smaller assets remained muted. Key Takeaways Bitcoin ETFs saw $471.32 million inflows led by Blackrock IBIT, signaling renewed institutional demand. Ether ETFs added $120.