Bitcoin held gains above $68,000 as investors leaned into news that the US and Iran were ideating ways to end the war. Will markets hold their newfound bullishness? Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war. On Tuesday, reporting from The Wall Street Journal said that President Trump told his aides that he could consider ending the war in Iran, with the Straight of Hormuz remaining partially closed, but an official statement has not been given. Unconfirmed reports also suggest that Iran’s president is looking for a way to exit the conflict with certain assurances being made by the US and Israel. Regardless of the accuracy of the statements from either president, the DOW gained more than 1,125 points, while the S&P ...
While the index remains in the “Greed” zone if history repeats following last year’s Israel-Iran tensions, it may decline into “Fear” in the coming weeks. The Crypto Fear & Greed Index, which tracks overall crypto market sentiment, has remained in the “greed” zone despite rising geopolitical tensions after Israel launched a series of airstrikes on Iran. The Index posted a score of 60 in its Sunday update, maintaining its position in the greed territory despite Bitcoin (BTC) falling 2.8% to $103,000 on Friday. This followed explosions reportedly heard in Tehran at 10:50 pm UTC on Thursday, which Israel claimed responsibility for. Iran reportedly retaliated with “dozens of ballistic missiles” on Friday night. On Thursday, the Index was holding a Greed score of 71. Read more
One analyst spots a bullish fractal driven by 2024-like liquidity grabs, hinting that Bitcoin may breakout toward new all-time highs. Key takeaways: Bitcoin rebounds from a 5.5% drop after the latest escalation in the Israel-Iran conflict, repeating a pattern seen in October 2024. Analysts highlight a bullish fractal involving liquidity grabs, suggesting BTC could soon break toward new highs. Read more