Bitcoin Surpasses $105,000 Amid Easing Iran Tensions and Market Gains
Bitcoin (BTC) fell below $100,000 amid geopolitical tensions but quickly rebounded, surpassing $105,000. Key developments include:
- Iran's missile strike on U.S. airbases initially spurred the drop.
- A ceasefire announcement between Israel and Iran boosted market confidence.
- Two Federal Reserve members are favoring a rate cut, influencing positive sentiment.
- ProCap Financial plans to go public, focusing on Bitcoin asset management.
- The Fed has eased crypto banking restrictions by removing “reputational risk” from supervision.
- VMS Group is considering a $10 million investment in DeFi hedge fund Re7 Capital.
Market movements show BTC at $105,285.37 (+3.78%) and Ethereum (ETH) at $2,417.93 (+7.67%). The dollar index decreased to 97.94, while gold futures dropped to $3,335.50.
Key Events Ahead
- June 25: ZIGChain mainnet launch.
- June 30: CME Group to introduce spot-quoted futures for major cryptocurrencies.
- Ongoing NATO Summit discussing security and defense.
Crypto Statistics
- BTC Dominance: 65.3%
- Total BTC holdings in ETFs: ~1.23 million
- Daily net flow into BTC ETFs: $350.6 million
Technical analysis shows potential bullish patterns for DOGE, while cumulative open interest in BTC futures remains low.