Bitcoin Remains Steady Below $105,000 Amid Rising Middle East Tensions
Bitcoin (BTC) is currently priced just below $105,000, experiencing a slight decline of 1.4% in the last 24 hours. This fluctuation occurs against a backdrop of rising tensions in the Middle East due to President Trump's comments regarding Iran and positive regulatory developments in the U.S.
Key points include:
- Trump's statement raised the likelihood of U.S. military intervention in Iran to 62% on prediction markets.
- Despite geopolitical tensions, analysts note BTC's price resilience attributed to ongoing institutional accumulation.
- Corporate demand remains strong with significant purchases:
- Strategy added over 10,000 BTC funded by a stock offering.
- The Blockchain Group increased its holdings by 182 BTC.
- Fold secured a $250 million facility for bitcoin investments.
- Mercury Fintech plans to raise $800 million for a bitcoin treasury.
- The Senate passed the GENIUS Act, marking a major step in formalizing stablecoin regulations, considered a win for the industry.
- Traders are awaiting today’s Federal Reserve interest-rate decision, with expectations that rates will remain unchanged.
- The Iranian crypto exchange Nobitex was hacked for $48 million by a group suspected to be linked to Israel, following other attacks related to the conflict.
Market performance highlights:
- BTC is down 1.19% at $104,736.41.
- ETH is down 1.34% at $2,526.50.
- DXY index down 0.17% at 98.65.
- Gold futures down 0.19% at $3,400.40.
- BTC dominance at 64.90%.
Attention is drawn to upcoming token events, macroeconomic data releases, and trading dynamics as the market adjusts to current geopolitical and regulatory conditions.