Jun 23, 2025
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BTC Surpasses $100,500 as Markets Stabilize After Iran Strike
Market Overview
As Asian markets open, BTC trades above $100,500 after initial volatility from U.S. strikes on Iran's nuclear facilities. Prices briefly dipped below $100,000 but have since stabilized.
- Equity futures are flat; gold shows minor gains.
- Crude oil remains near $76 per barrel following a nearly 4% spike due to fears of Iranian actions affecting global oil shipments.
- Altcoins like ETH, XRP, and SOL are recovering losses.
- The market views the U.S.-Iran conflict as a geopolitical flashpoint rather than a structural disruption.
OKX IPO Consideration
Crypto exchange OKX is exploring a public listing in the U.S. after resolving prior legal issues with the Department of Justice. Competitor Bullish is also considering an IPO due to investor interest in digital assets. OKX has not commented on the report.
Polymarket Sentiment on U.S.-Iran Tensions
Market sentiment regarding further U.S. military action in Iran has decreased. The probability of a second strike by June 30 is trading at 54%, down from 74%. Bets on Iran closing the Strait of Hormuz show a similar decline.
Market Movements
- BTC: Rebounded to $101,419 with strong support at $99,000 amid tensions and institutional buying.
- ETH: Fell 2.3% to $2,237, breaking a consolidation pattern despite significant institutional accumulation.
- Gold: Analysts predict a potential rise to $4,000 per ounce within a year, driven by U.S. fiscal debt and central bank shifts towards gold.
- Nikkei 225: Down 0.56% as regional markets react to U.S. strikes and oil price spikes.