As Asia begins its trading week, Bitcoin (BTC) is trading above $100,500, bouncing back from initial volatility following the U.S. strike on Iran's nuclear facilities. The price dipped below $100K on Sunday due to immediate market reactions, but since then, the situation has stabilized. Tradable assets such as equity futures show little movement, while gold has seen only a minor increase. Investors are adopting a wait-and-see approach regarding the potential escalation of tensions with Iran.
Oil prices saw a notable spike, climbing to around $76 per barrel on fears that Iran could disrupt key shipping routes. Nevertheless, the market remains calm, with the U.S. stance indicating a preference for contained responses. Other cryptocurrencies are following Bitcoin's lead; Ethereum, XRP, and Solana are gradually recovering from the weekend dip.
In broader news, crypto exchange OKX is contemplating a public offering in the U.S. after resolving previous regulatory issues. Bullish sentiments about the future of digital asset companies are growing, as reported by multiple sources.
Polymarket data reveals that speculation about a second U.S. strike on Iran has decreased, shifting from an initial 74% belief down to 54%. This suggests a growing sentiment that conflict may be avoided.
Market movements reveal Bitcoin's resilience as it rebounded to $101,419 with strong support at $99,000, thanks to substantial institutional buying. Meanwhile, Ethereum recently dipped 2.3% to $2,237, breaking a six-week trend despite notable institutional interest. The Nikkei 225 saw a decline of 0.56% amid rising oil prices and global market concerns.
Oil prices saw a notable spike, climbing to around $76 per barrel on fears that Iran could disrupt key shipping routes. Nevertheless, the market remains calm, with the U.S. stance indicating a preference for contained responses. Other cryptocurrencies are following Bitcoin's lead; Ethereum, XRP, and Solana are gradually recovering from the weekend dip.
In broader news, crypto exchange OKX is contemplating a public offering in the U.S. after resolving previous regulatory issues. Bullish sentiments about the future of digital asset companies are growing, as reported by multiple sources.
Polymarket data reveals that speculation about a second U.S. strike on Iran has decreased, shifting from an initial 74% belief down to 54%. This suggests a growing sentiment that conflict may be avoided.
Market movements reveal Bitcoin's resilience as it rebounded to $101,419 with strong support at $99,000, thanks to substantial institutional buying. Meanwhile, Ethereum recently dipped 2.3% to $2,237, breaking a six-week trend despite notable institutional interest. The Nikkei 225 saw a decline of 0.56% amid rising oil prices and global market concerns.
